A new CNN poll shows nearly 40% of American adults are worried about managing their bills, amid record household debt of $17.69 trillion.

Rising prices on essentials like groceries, clothing, and insurance are exacerbating financial strain.

This level of concern matches the anxiety felt during the 2008 Great Recession.

Bankrate’s Greg McBride notes that while inflation is slowing, it continues to impact household budgets significantly, leaving many families struggling, Fox Business has reported.

Additionally, a survey by Qualtrics for Intuit Credit Karma reveals that 80% of Americans have seen grocery costs rise noticeably, with many skipping meals and spending over 60% of their income on necessities.

Written by B.C. Begley