An Echelon Insights poll released this week revealed that nearly half of Americans had to reduce their driving and more than one third said that they now shop less frequently for groceries.
The survey revealed almost three quarters of potential voters believing that candidates should be more concerned with economic matters than social issues. Further, 58 percent are at least somewhat less secure in their financial situation than they were one year ago. Of those, 31 percent said they are “much less” secure. Their outlook is not positive either, as 55 percent said they are not confident that their financial situation will be better one year from now.
Sixty percent said the rising prices in President Biden’s America have caused them to “spend less in general,” and 52 percent said the rise in prices has changed their habits, as they eat at restaurants “less often.” Nearly half, 47 percent, said they “drive less often,” and 46 percent said they “go shopping less often.” Notably, the national price of gas stood at $4. 413 as of Friday.
Another 46 percent said they have had to spend less on entertainment, and over one-third, 38 percent, said they “go grocery shopping less often” in Biden’s America. Three quarters of respondents said that they had to save less due to rising costs. More than a quarter also said that rising prices caused them to change or cancel their vacation plans.
The survey was taken July 15-18 2022, among 1,022 likely voters and has a +/- 3.4 percent margin of error.
It comes as inflation hit another 41-year high in June, surpassing expert predictions, rising to an annual rate of 9.1 percent in June:
The inflation data released by the Department of Labor, however, show widespread inflation pushing up prices on things that have little to do with Covid-related challenges or the attack on Ukraine. Particularly, American households are facing rising housing costs and high home maintenance expenses.
Shelter prices rose by 0.6% in June compared to the previous month. This is the same rate of inflation which hit consumers in May. The rent index jumped 0.8 percent over the month, the largest monthly increase since April 1986. Over the course of the year, the rent index is up 5.8 percent, the most since 1991.
Basic household items have seen even greater growth. Furniture, for instance, is up 13.1 percent, and groceries are up 10.4 percent, as Breitbart News detailed.
Democrats are in trouble as they hold the White House majority and control both the chambers of Congress. In May, President Biden told reporters that he believed that Democrat policies would “help” Americans, blaming everyone except himself.