These days, every time we hit the gas station, we get a surprise. We just wanted to top off the tank and gave the guy $5. Instead of filling up, he farted and gave us a receipt. 😱💨
The current gas situation is stinking up the whole nation, giving Americans a case of the economic worries. 🫣🆘 How exactly is everyone feeling? Scroll through these recent stats.
Here’s Five Fast Facts on how Americans feel about the current economy:
- 🥴 Feelin’ Queasy - As gas prices rise, Americans are feeling more uneasy about the economy. A recent Economist/YouGov poll shows about 59% say things are getting worse, up from 53% just a week earlier in early March. That’s the most pessimistic reading since October 2022.
- 🦘 Gas Price Parkour - The number of Americans saying the economy is getting worse jumped 6 points in just one week, one of the largest increases since 2017. Most of the bigger spikes came in spring 2020, when the economy stalled at the start of COVID.
- ⛽ Off Sides - Democrats are more likely to say gas prices have jumped a lot, but they’re not the only ones with growing economic worries. Among Republicans, 36% who see big price increases say the economy is getting worse, compared to 15% who see smaller increases.
- 📈 Shifting Gears - Democrats’ overall views stayed steady, with 86% saying the economy is getting worse, similar to the prior week. The shift came from Independents (66%, up from 56%) and Republicans (24%, up from 18%). Within the GOP, both MAGA and non-MAGA voters also reported higher concern week over week.
- 😔 Debbie Downer - Concern is showing up in other areas, too. Around 30% now expect to be worse off financially in a year, up from 23% the week before. Optimism also took a dip with 23% expecting to be better off, down from 25%.
🔥Bottom line: Whether you vote red or blue, high gas prices make us all see red. Just how high will they get? We don’t wanna know. With only a couple weeks left ‘til Tax Day, it’s time to button up your paperwork and file your return. Want some fresh tips to protect your income from the IRS? Don’t worry, they’re legal. Check them out in this article.
How are gas prices in your local area?
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