Posted on 10/12/2022 12:41:38 PM PDT by Oldeconomybuyer
WASHINGTON (AP) — More U.S. adults are now feeling financially vulnerable amid high inflation — a political risk for President Joe Biden and his fellow Democrats one month before the midterm elections.
Some 46% of people now call their personal financial situation poor, up from 37% in March, according to a new poll by The Associated Press-NORC Center for Public Affairs Research. That’s a notable downturn at a particularly inopportune moment for Biden, given that the share of Americans who felt positive about their finances had stayed rock steady over the last few years — even during the economic turmoil of the COVID-19 pandemic.
And while a majority of Americans see high prices as beyond Biden’s control, they continue to disapprove of his handling of the economy overall.
Overall, 54% say their finances are good in the latest survey. That figure was at least 62% through the global recession caused by the pandemic in 2020, and even in late 2021 and early 2022 as prices began to rise across the country. But inflation’s prolonged bite has left the U.S. and wider world facing the possibility of a downturn and, despite solid job growth, more consumers are feeling the pain.
(Excerpt) Read more at apnews.com ...
Wait till winter heating bills start to arrive.
What a crock. The media can really pile it deep.
AND...”Overall, 54% say their finances are good...”
What a crock, indeed.
Pre Biden propane was 89 cents a gallon this time of year. Now... $2.99 a gallon
LET’S GO BIDEN!!!
People are stretching, fairly quickly there are going to be snapping sounds. Just went grocery shopping and prices are getting a bit flabbergasting.
Absolutely correct. People are going to freak out and then many are going to go under financially.
I always closely track my utility bills and I kept wondering why my bill was so high in temperate weather. And then I looked and saw that I was actually using less energy than in years past, but the prices had gone up - significantly. I'm shocked. I heat my garage/shop, but will have to cut that way back this year.
Yeah, that financial bomb is definitely coming.
Wait till you got to pay for that Turkey for Thanksgiving/Christmas.
Overall, 54% say their finances are good in the latest survey.
That figure was at least 62% through the global recession caused by the pandemic in 2020, and even in late 2021 and early 2022 as prices began to rise across the country.
But inflation’s prolonged bite has left the U.S. and wider world facing the possibility of a downturn and, despite solid job growth, more consumers are feeling the pain.
“More U.S. adults are now feeling financially vulnerable amid high inflation — a political risk for President Joe Biden...”
Happy times are truly here again!
/s
“... majority of Americans see Biden’s bladder as beyond his control”
Just wait until the proles who haven’t been paying attention find out they’re being taxed 20% for the privilege of not freezing to death this winter? That was such a good idea, we should apply it to basic food staples, too. 20% tax on bread, milk, eggs, what have you. To make sure we all starve to death faster. Way to go, DemoRATS!
Of course if you're a Fox News stooge you wouldn't know he ever said such a thing...BEFORE the election
I wanted to smoke some St Louis Ribs this weekend. But I don't think so.
I’m surprised this number is so low. I feel poor about my finances with 4 kids.
Apparently about half the voters in the country voted to tank the economy. They did not want to have any oil or gas, just shiver in caves.
Where’s the 24/7 commercials???
“Are you better off now than you were 2 years ago?”
Rhona..???
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