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Nearly half of Americans struggling because of inflation spike: poll

(The Center Square) – Nearly half of Americans report that the recent spike in inflation has made it harder to get by, according to a new poll.

According to a Monmouth University poll released Wednesday, 46% of Americans are “currently struggling to make ends meet financially.”

The figure is the highest recorded by the pollster since President Joe Biden took office and is much higher than during his predecessor’s term.

“In polls conducted in 2022-2023, this figure ranged from 37% to 44%,” according to Monmouth University. report.

“In previous polls conducted between 2017 and 2021, this sentiment was much lower, between 20% and 29%.”

Since Biden took office, prices have risen by about 20%, with big increases across the board for all goods and services.


According to a Monmouth University poll released Wednesday, 46% of Americans are “currently struggling to make ends meet financially.” Monmouth University

Inflation is currently rising at a much more moderate pace than the ferocious pace seen in the early days of the Biden administration.

“Although inflation has fallen, prices remain much higher than they were four years ago,” Patrick Murray, director of the independent Monmouth University Polling Institute, said in the report.

“That’s a really important metric for a lot of Americans over the past two years. Economic concerns may not be the No. 1 motivator for every voter, but they are what will determine the contours of this year’s election.”

But prices continue to rise faster than economists would like.


An old man opens his empty wallet, symbolizing poverty, high taxes and lack of savings.
The figure is the highest recorded by the pollster since President Joe Biden took office and is much higher than during his predecessor’s term. Eggy – stock.adobe.com

Inflation slowed last month, providing a respite after several months of rising inflation.

It remains to be seen whether this slowdown is just a symptom or a turning point.

For now, Biden must address the massive price increases during this campaign.

Polls show that equal shares of Americans believe Biden and Trump care about the country’s economic problems.

“The overwhelming view is that a large proportion of Americans feel financially disadvantaged,” Murray said.

“It’s true that voters who are happy with the state of the economy are more likely to support Biden. But even as Democrats continue to tout positive economic data, the strategy of telling economically pessimistic voters that they should think differently doesn’t seem to be working.”

The poll was conducted June 1-6 among 1,106 adults.

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