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Methodology
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Posted on Dec 03 2024
Photo Credit: Jacob Lund / Shutterstock
Upgraded Points conducted the analysis using the latest data from the U.S. Census Bureau Household Pulse Survey Phase 4.0–4.2, covering the period from January 9, 2024, to September 16, 2024. Service members were defined as adults currently serving in the U.S. armed forces (Active Duty, Reserve, or National Guard) and their spouses.
This analysis focuses on 3 key questions from the survey:
- Difficulty Covering Household Expenses: Respondents were asked, “In the last 7 days, how difficult has it been for your household to pay for usual household expenses, including but not limited to food, rent or mortgage, car payments, medical expenses, student loans, and so on?” We defined difficulty as either “very difficult” or “somewhat difficult.”
- Stress Due to Price Increases: Respondents were asked, “How stressful, if at all, has the increase in prices in the last two months been for you?” We defined stress as either “very stressful” or “moderately stressful.”
- Concern About Future Price Increases: Finally, respondents were asked, “In the area you live and shop, how concerned are you, if at all, that prices will increase in the next 6 months?” We defined concern as either “very concerned” or “somewhat concerned.”
Statistics with fewer than 50 survey responses were omitted from the analysis. Additional statistics on home prices were sourced from Zillow’s Home Value Index, and unemployment rates were sourced from the U.S. Census Bureau’s 2023 American Community Survey 1-Year Estimates.
For complete results, see Rising Costs Hit Military Families Hard: Here’s How You Can Help on Upgraded Points.
