Nearly half of Americans struggling because of inflation spike: poll
How has the percentage of Americans struggling financially changed since Biden took office?
Since President Joe Biden took office, the percentage of Americans struggling financially has increased. A recent Monmouth University poll revealed that 46% of Americans are currently struggling to remain financially stable, the highest point recorded by the pollster since Biden's inauguration. This figure is significantly higher than during the previous administration, where the range was between 37% and 44%. The poll also highlights that prices have risen about 20% since Biden took office, affecting various goods and services.
What was the range of Americans struggling financially from 2017 to 2021?
From 2017 to 2021, the range of Americans struggling financially was between 20% and 29%, according to Monmouth University polls. This sentiment increased between 2022 and 2023, with the percentage of Americans struggling financially ranging from 37% to 44%. The most recent poll in 2024 showed that 46% of Americans are currently struggling to remain where they are financially, the highest point recorded by this pollster since President Joe Biden took office.
By what percentage have prices increased since President Biden's term began?
Prices have increased by about 20% since President Biden took office. This increase has affected a wide range of goods and services, and has contributed to financial struggles for many Americans. Although inflation has slowed down more recently, prices remain significantly higher than they were four years ago.