Fed Report: 65% of Americans Struggle Financially Due to Persistent Inflation

Despite a cooling in inflation rates, many U.S. households, particularly parents, continue to face significant financial pressures.

Federal Reserve data shows 65% of adults reported worsening financial conditions in 2023.
Parents are among the hardest hit, with only 64% doing at least 'OK' financially, the lowest since 2015.
Inflation peaked at 9.1% in June 2022 but remains above the Fed's 2% target.
Grocery prices have surged over 21% since 2021, with energy costs up 38.4%.
Approximately 17% of adults were unable to pay all their bills in full last month.