1 in 3 Americans Say Healthcare Costs Are the No. 1 Economic Burden Today
May 03, 2016 (PR Newswire) Tax increases and Income equality come in behind healthcare costs when it comes to the financial concerns of 1/3 of surveyed Americans.
LOS ANGELES/PRNewswire/ -- Americans are most worried about healthcare costs affecting the U.S. economy over other financial hot topics such as tax increases and income inequality, according to a survey just released by GOBankingRates.com.
Although the economy often takes priority in voters' minds over issues like immigration, terrorism or racism, GOBankingRates delved deeper to find which particular economic issues matter most to American voters.
The survey asked respondents to rank the following financial burdens from most significant to least significant. The following percentages reflect how frequently the specific answer choice was selected as being the No. 1 issue hindering the economy:
"Our study found that 'healthcare costs' was chosen as most significant twice as much as the other five financial burdens," said Kristen Bonner, research lead for GOBankingRates' Financial Burdens Survey. "Even more alarming, every age group, with the exception of people under 24 years old and people over 65, chose healthcare costs as most significant more than any other factor."
In addition to investigating what Americans believe is the biggest economic burden for the U.S. as a whole, GOBankingRates also asked respondents about their personal financial concerns, finding that one in four Americans says cost of living is the No. 1 financial problem affecting them as individuals. Insufficient income and healthcare costs took the No. 2 and No. 3 spots, respectively.
See the full survey data at: http://www.gobankingrates.com/personal-finance/healthcare-costs-americas-financial-burden-survey-finds/
This survey was conducted by GOBankingRates through Survata.com and collected 1,007 responses from March 16-17, 2016, with a margin of error of 3.1 percent.