Nearly half of Floridians struggling with monthly bills as inflation rises

JACKSONVILLE, Florida. – A new University of South Florida survey of 600 Floridians found nearly half are struggling to pay necessary bills due to inflation.

Many said they had postponed their trips because of gas prices.

Others say they have struggled to pay their rent or their mortgage because of inflation.

LILY: USF Inflation Survey Results

Currently, inflation is at its highest level in 40 years and is affecting things like buying groceries, paying bills on time, and the price at the pump.

For example, when people were asked if they earned how much they had tracked the cost of goods and services over the past year, nearly 360 people answered “no” while only 90 answered ” yes “.

A d

Participants said inflation also impacts their view of the housing market.

Of those surveyed, 36% of Floridians who do not own a home say they are postponing buying due to strong market conditions as well as increased expenses, such as skyrocketing insurance premiums. .

According to data from the Florida Realtors Research Department, the statewide average for a single-family home in March was $396,000. That’s up more than 21% from March 2021.

Most people say that several factors are contributing to inflation, including supply chain issues, the COVID-19 pandemic and increased federal government spending.

The majority of those polled said they were unhappy with the Biden administration’s handling of inflation so far.

Of those polled, 64% say the administration is “somewhat” responsible for inflation, compared with 49% who say the Trump administration is “somewhat” responsible.

Copyright 2022 by WJXT News4Jax – All Rights Reserved.

About Teresa G. Wilson

Check Also

Home sales after rare drop in May as mortgage rates rise

SEATTLE–(BUSINESS WIRE)–(NASDAQ: RDFN) – Home prices rose 1.5% month-on-month in May, their smallest all-May increase …