Nearly half of Floridians included in a latest survey say inflation has impacted their skill to pay important bills.
The discovering comes from a survey carried out by the University of South Florida, asking 600 Floridians how worth hikes have impacted their spending — and their attitudes on varied associated coverage points.
The research was carried out between March 31 and April 12, utilizing a pattern of state residents whose demographics intently mirrored these of the state’s inhabitants.
Inflation has impacted Floridians’ spending on all the pieces from meals to housing, the survey discovered. About 77 p.c of these surveyed mentioned inflation had affected their grocery spending, whereas practically 1 / 4 mentioned they’ve had difficulties paying their hire or mortgage funds prior to now 12 months.
About a 3rd of respondents mentioned their revenue didn’t help the price of housing in Florida. In a separate survey query, greater than a 3rd of respondents mentioned they have been pushing aside shopping for a home, given each Florida’s skyrocketing housing market and different rising prices.
Four in 5 of Floridians surveyed mentioned rising prices have impacted their discretionary spending, and practically two-thirds of respondents mentioned inflation has affected their journey plans.
The survey additionally requested respondents about what elements they believed had precipitated inflation. About 87 p.c of Floridians answered that provide chain points have been liable for inflation. Around 83 p.c mentioned the pandemic was “very” or “somewhat responsible” About 61 p.c of respondents agreed that the battle in Ukraine contributed to inflation.
Respondents expressed frustration with the federal authorities’s response to rising prices. Around 77 p.c of Floridians surveyed mentioned they have been “somewhat” or “very dissatisfied” with the federal government’s administration of inflation. Around two-thirds of these surveyed mentioned the Biden administration was accountable, whereas in a separate query, about half of respondents answered that the Trump administration was accountable.
Nearly two-thirds of these surveyed mentioned they supported the Biden administration extending the coed mortgage reimbursement pause by means of May 1. Just a little over two-thirds of respondents additionally mentioned they’d help $10,000 in scholar mortgage forgiveness for all particular person debtors, whereas simply over half of respondents (55 p.c) mentioned they’d help $55,000 in scholar mortgage forgiveness.