Connect with us

Hi, what are you looking for?

Finance

Poll: Majority of Americans Believe Biden is Not Doing Enough to Combat the Country’s Record-High Inflation Rate

One year into Biden’s presidency, the poll indicated that inflation is one of the most urgent issues for voters, both Democratic and Republican.

Amajority of Americans think that Biden Isn't Doing Enough to Address the ecpnomy and its Inflation(Photo NewsWeek)

One year into Biden’s presidency, the poll indicated that inflation is one of the most urgent issues for voters, both Democratic and Republican.

65 Percent of Americans Strongly Believed Biden Isn’t Doing Enough

According to a CBS, YouGov poll released on Sunday, 65 percent of Americans believe the Biden administration is not doing well all possible to reduce rising costs, 70 percent of the respondents disapprove of the president’s overall handling of the matter. Furthermore, only 25 percent of the respondents feel Biden’s policies have improved the economy, while 52 percent believe his administration is to blame for all the inflation.

Over the course of Biden’s first year in office, the poll found that inflation is one of the most important issues for both Democratic and Republican voters. Furthermore, according to the study, Biden’s overall approval rating is just 44 percent, a considerable decline from when he took office in January 2021, when he had a rating of over 60 percent.

Also Read: $600 Monthly Payout Deadline Is Approaching, Here’s What You Should Do

Inflation Greatly Affected American Citizens Way of Living

Today’s report confirms that we are making headway in lowering the rate price increases, the president stated in a statement. At the same time, this study emphasizes that we still have work to do, with price hike hikes that are still too high and putting a strain on families’ budgets. The consumer price index increased 0.5 percent in December after rising 0.8 percent in November, according to the Labor Department Biden appears to have tried to portray the decreasing rate of growth as a triumph. The increase brought annual inflation to 7 percent in December, the most recorded since June 1882 and up from 6.8 in November.

In a statement, Biden referred to inflation as a global concern and stated that the newest figures were “positive news”, indicating that the monthly pace of price increases reduced in December compared to the previous month.

Related Article: Child Tax Credit Update: What Is Waiting For 30 Million American Families This Weekend?