Survey Finds Nearly 50% of Americans Feeling Financial Strain Due to Rising Inflation Rates
Money | June 20, 2024, 2:43 a.m.
A recent poll by Monmouth University reveals that 46% of Americans are currently struggling financially due to the spike in inflation, the highest percentage since President Biden took office. Prices have surged by about 20% since Biden's inauguration, impacting all sectors of goods and services. Despite a recent slowdown in inflation, prices remain significantly higher than four years ago, shaping the economic concerns of voters in the upcoming election. While the polling data suggests an equal perception of economic empathy between Biden and Trump, a large portion of the public feels financially disadvantaged. Despite efforts to highlight positive economic indicators, many voters remain pessimistic about their financial situation. The poll, conducted with 1,106 adults, underscores the challenges faced by Americans as they navigate through a climate of economic uncertainty.