According to a CBS News/YouGov poll released on Sunday, 97% of Americans believe that the economy, which has been a major worry for months, is the most important problem facing the country.
Inflation and crime came in second place, with Biden’s fragile economy ranking first in Americans’ concerns. 95 percent of respondents cited Biden’s inflation as a major worry, along with crime, with 94 percent citing health care and 91 percent citing government expenditure. Only 79 percent of respondents, in contrast, deemed the abortion debate to be crucial.
According to a study conducted by CBS News, Biden’s economy has been the most crucial subject for months. In January, 97 percent of respondents ranked Biden’s economy alongside inflation as a top concern. With 94%, crime came in second place. With 81 percent, abortion was further down the list.
As inflation has risen, economic worries have remained significant. According to Bloomberg, American households paid an additional $5,200, or $433 per month, as a result of Biden’s 40-year-high inflation in 2022. According to a CNBC Your Money Financial Confidence study released on Tuesday, 70% of Americans in Biden’s America experience financial hardship.
The financial industry was harmed by Biden’s inflation, which was caused by an energy crisis. A financial crisis happened in March, partly as a result of abrupt interest rate increases to combat inflation. In order to rein in surging inflation, the Federal Reserve kept raising interest rates in March. This might increase financial instability and increase the danger of a recession, according to some analysts.
Overall, middle-class families don’t seem to be doing well in Biden’s economy. American middle-class families, who are disproportionately represented in the military and who contribute a large portion of their income in federal taxes, feel that the policies of the Biden administration do not help them, according to a recent Monmouth University survey. Only 10% of Americans think the middle class has gained much from them, while 51% feel the middle class has gained nothing.
With a 3.2% margin of error, the Sunday poll polled 2,065 Americans between April 12 and 14.
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