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63% of Americans Say That They Are Falling Behind the Cost of Living, According to a Poll

The results of a poll that was just just made public show that the vast majority of Americans feel as though they are slipping behind the expense of living.

The results of the poll, which were published by NBC News, showed that the majority of Americans (58%) disapprove of how President Joe Biden is handling the economy.

Another 63% of voters surveyed reported that their income was decreasing while the expense of living was increasing. This poll speaks to inflation, which has skyrocketed since Vice President Biden assumed office and has been a political thorn in the side of Democrats.

The data on inflation that were released by the United States Bureau of Labor Statistics the week before showed that prices increased across a variety of goods in August. Despite this, the overall inflation rate was lowered because of an unusual drop in fuel prices from record highs in the previous weeks.

Numerous things experienced significant price hikes. For example, the cost of food has skyrocketed over the course of the past year.

According to the Bureau of Labor Statistics (BLS), the food at home index grew 13.5% over the last 12 months, the biggest 12-month gain since the period ending in March 1979.  Over the course of the past year, the index for cereals and pastry items jumped 16.4 percent, while the index for other food consumed at home gained 16.7 percent. Fruits and vegetables registered a 9.4 percent increase, while dairy and allied products posted a 16.2 percent increase while the remaining major food groups sold in grocery stores posted increases.

In addition to this, a poll conducted by Morning Consult and Politico and published in August indicated that only 24% of those polled anticipate that the Inflation Reduction Act will truly cut inflation, whilst 34% of those surveyed believed that the measure will make inflation worse.

The poll results showed that the difference between Republicans and Democrats is decreasing heading into November, and it was reassuring to see that Biden's approval rating had moved upward.

Despite this, traditionally Republican topics such as the economy, immigration, and crime still exceeded other issues such as abortion for voters when it came time to make their decisions. According to Mike Berg, a spokesperson for the National Republican Congressional Committee, this is positive news for Republicans.

He claimed that the Republican Party had a significant lead on the issues that will determine close races in November. Democrats are just speaking to those who already support them.

The preceding is a summary of an article that originally appeared on Headline Wealth.

Written by Staff Reports

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