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Americans are struggling to pay their bills as they allocate more money to the cost of their commute, according to a 2022 study on the impact of inflation. Working with DailyPay and Funding our Future, the Harris Poll found that soaring gas prices are affecting the financial health and well-being of many employees. Here were some key findings from the study:
- 39% of women polled say they are saving less than last year | compared to 28% of men polled
- 40% of hourly workers with a household income of less than $100,000 say they are saving less than last year or not at all
- 75% have struggled to pay expenses this year, including grocery bills, gas, utilities and rent/mortgage payments
- 81% reported that higher gas prices have made it more difficult to cover their other expenses
- 22% have taken out a payday loan this year
- 77% said that stress from managing their finances has negatively impacted their health
All information herein is for educational purposes only and should not be relied upon for any other use. The information herein does not constitute the rendering of financial advice or other professional advice by DailyPay. No fiduciary obligation or duty exists, or is created, between you and DailyPay. DailyPay does not warrant the completeness or accuracy of any information provided to you.
