Inflation and Cost of Living Are the Top Two Financial Challenges Americans Are Facing, According to Ramsey Solutions Study
As inflation hit a 40-year high and home prices skyrocketed, the second quarter of 2022 caused financial stress across the country. According to the latest edition of The State of Personal Finance 2022 by Ramsey Solutions, 40% of Americans reported inflation was their top challenge, followed closely by the cost of living at 39%.