Poll: Voters Believe Joe Biden Responsible for Making Inflation Worse:
Voters believe Joe Biden’s administration is making inflation worse not better, a poll released Thursday outlines, adding soaring prices driven by a febrile domestic economy can be directly traced back to the White House.
In more bad news for Biden, in addition, by a 25-point margin, voters believe his proposed Build Back Better spending plan would push inflation higher and by six points they think it would hurt the economy.
The Fox Business poll finds when it comes to rising prices, twice as many think the Biden administration’s actions are a hinder not a help.
“One thing the president has going for him is low expectations,” says Democratic pollster Chris Anderson, who along with Republican counterpart Daron Shaw, conducts polls for the news outlet.
“If the spending plans start to have positive impacts in people’s lives, maybe some will reconsider their view of Biden.” --->READ MORE HERE
Wharton Study: Bidenflation Will Cost Families $3,500 This Year, Low-Incomes Hardest Hit:
Bidenflation will cost families an additional $3,500 this year, impacting low-income families the hardest, a study released Wednesday showed.
According to the University of Pennsylvania’s Wharton School’s budget model, Americans on average will have to spend $3,500 more in 2021 to sustain their consumption of years past in 2019 and 2020.
The study also suggests low-income families will be disproportionally impacted. The study estimated lower-income families will have to spend seven percent more money to maintain their previous consumption patterns, while higher-income families will only have to spend six percent more.
“Lower-income groups spent relatively more on food, energy, and shelter, while higher-income groups spent relatively more on other commodities and services,” the study states.
Across the consumption basket of income groups, the bottom 20 percent of families saw the price of their consumption increase 6.8 percent, or $2,120. --->READ MORE HERE
If you like what you see, please "Like" us on Facebook either
here or
here. Please follow us on Twitter
here.
No comments:
Post a Comment