Posted on 03/29/2022 12:40:41 PM PDT by Oldeconomybuyer
Americans' level of concern about inflation is at its highest point since 1985, a Gallup poll released Tuesday found.
Seventeen percent of respondents said "High cost of living/inflation" was the most important problem currently facing the United States, up from eight percent in January. An additional 15 percent said the biggest problem was either "Fuel/Oil prices" or the "Economy in general."
Fifty-nine percent said they worry "a great deal" about inflation, including 79 percent of Republicans, 25 percent of Democrats, and 63 percent of independents.
According to The New York Times, the Biden administration "initially expected rapid inflation to fade" but has now "switched to arguing that it is part of a broader global phenomenon" linked to Russia's invasion of Ukraine. This claim, the Times reports, "is accurate by probably not the full story."
Gallup surveyed 1,017 U.S. adults between March 1 and March 18. The poll has an error margin of four percent.
(Excerpt) Read more at news.yahoo.com ...
anxiety about inflation, hyperinflation, food shortages, UN saying worldwide famine... nuclear war
yeah...nothing to worry about
let’s go brandon!
One car tank fill up and it's easy to understand the concern.
not surprised w/the dem low worry %. they always worry about something so this is normal to them. :)
Gee, I thought everyone was concerned about climate change.
I bought my first house in 1985. Cute little Cape Cod, a whopping 800 square feet, but it was on a large corner lot, already fenced. Loved that little house. Paid $60K for it.
My mortgage was 6%. So, yeah, higher than now and much higher than a number of years ago.
I can see why people are freakin’ out.
It’s going to get much worse before it gets any TINY bit better. Plan accordingly.
Reagan had already won 49 states and been re-elected in 1984. People were saying thank you for fixing inflation and the economy. Damn these liars.
Yeah, remember that. Almost was divorce during that time. Rough.
I recall inflation from the early 80’s. While I was young then I was much more optimistic than I am today. I seriously think inflation is worse right now since it is calculated differently today. Granted we don’t have the unemployment problems today, but I can almost guarantee we will go into a recession a couple of quarters from now and unemployment will spike. The misery index will have to be revived.
Fed Finally Admits That COVID Stimulus Is Responsible For Hottest Inflation In A Generation
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