Between the lines: 42% of those respondents said they were “very concerned,” which was more than double the share (17%) that said they were “not at all concerned.”
Why it matters: As I’ve written before, inflation is a self-fulfilling prophecy and is driven largely by expectations.
When people expect costs to rise they behave accordingly — they demand higher pay, raise rents and increase the cost of goods and services. All of those things push inflation higher.
Why you’ll hear about this again: Perhaps the survey’s most intriguing data point is that young people who have never before experienced runaway inflation are the most worried.