Majority of new jersey residents struggle with inflation frustration, stress and anxiety

Majority of New Jersey Residents Struggle with Inflation Frustration, Stress and Anxiety

by
August 28, 2024
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TRENTON, N.J. — A majority of New Jerseyans are grappling with the relentless pressure of inflation, according to WalletHub’s 2024 Labor Day Survey.

The survey reveals that approximately 74% of participants believe inflation is erasing their hard work, reflecting widespread economic strain across the state.

The survey, which provides a snapshot of Americans’ Labor Day plans and economic sentiments, underscores the financial challenges many are facing. Nearly two-thirds of respondents indicated that inflation is influencing their Labor Day plans, with many opting to scale back celebrations.

Despite these concerns, there is a glimmer of optimism. Sixty-seven percent of respondents reported being in a better financial position than they were last Labor Day, a sign that some New Jerseyans are managing to navigate the economic difficulties.

Majority of new jersey residents struggle with inflation frustration, stress and anxiety
Photo: majority of new jersey residents struggle with inflation frustration, stress and anxiety

However, the increased financial pressure has not gone unnoticed.

The survey found that 67% of people feel they are working harder this year compared to last year, a sentiment echoed by many across the state. In addition, a staggering 93% of respondents expressed the need for a raise to keep pace with inflation.

WalletHub also highlighted that 66% of Americans believe Labor Day sales offer good deals, a small relief as consumers look to stretch their dollars further.

“This is what we’re seeing across the board,” a WalletHub representative said, reflecting on the survey’s findings.

For those seeking more detailed insights, the full survey results are available on WalletHub’s website.

Phil Stilton

Phil Stilton

Phil Stilton is the Editor and Publisher of Shore News Network, an independent digital news organization covering New Jersey, national politics, public policy, public safety, and community affairs. With years of experience reporting on local government, elections, law enforcement, and issues impacting residents throughout New Jersey, Stilton has built a reputation for delivering timely news, in-depth reporting, and accountability journalism.

As the founder of Shore News Network, Stilton oversees editorial operations, investigative reporting, and breaking news coverage while working closely with journalists, public officials, and community leaders. His reporting has covered municipal government, state politics, federal policy, public records investigations, emergency management, and major news events affecting local communities.

Stilton is committed to factual reporting, source verification, transparency, and providing readers with accessible, accurate information that helps them better understand the issues shaping their communities. Through Shore News Network, he continues to focus on delivering trusted news coverage and original reporting to audiences across New Jersey and beyond.

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