According to a new ABC News-Washington Post poll, 43% of US citizens say their families’ financial situation is significantly worse than two years ago, as inflation remains close to a 40-year high, PressTV reports
A new poll shows: 43 per cent of Americans say their family’s financial situation is worse than it was two years ago as inflation is keeping people from making ends meet, the publication reports. This proportion has doubled since President Joe Biden took office on 20 January last year, succeeding Donald Trump, according to published figures.
Inflation and economic discontent have threatened the Democratic Party’s political chances in Tuesday’s midterm elections, PressTV writes.
43% of respondents said their family’s financial situation had worsened, while 39% said it had not changed in the past two years. 18% of citizens, on the other hand, said their financial situation had improved.
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“According to the exit poll, only about 20 per cent of voters said their financial situation had worsened during the 2020 election compared to four years earlier when Trump was elected. In what is being called a ‘disaster’ for the ruling Democratic Party, inflation hit a 40-year high in the final official readings before the midterm legislative elections,” the publication concludes.