New Poll Shows Cost Of Living Causing Strain on Most Americans

( According to the latest Wall Street Journal poll, under President Joe Biden, a majority of voters are experiencing financial strain over the rapid increase in the cost of living. And among those surveyed who haven’t yet experienced this strain, most believe they eventually will.

Fifty-six percent of respondents said they are feeling at least some strain on their finances, with 28 percent reporting a “major” strain and another 28 percent reporting at least a “minor strain.”

Thirty-two percent said inflation hasn’t been a problem for them currently, however they expect it to become a problem if the cost of living continues to increase.

Meanwhile, only 11 percent of respondents said they are not concerned about the cost of living causing a financial strain on their families.

When asked who bears the primary blame for the current inflation, 39 percent of respondents lay the blame on President Biden’s policies, while 24 percent blamed the problems with the supply chains. Seventeen percent blame the pent-up demand caused by the US pandemic response while another 17 percent blame corporations whom they believe are raising prices unnecessarily.

Respondents were asked to identify two examples of which inflated prices are causing the most concern for consumers. Groceries and gas prices were the top two (55 percent and 54 percent). Rounding out the top five were utility bills (25 percent), housing (24 percent), and prescription drug prices (15 percent).

The Wall Street Journal also asked if voters expected inflation to get worse or better in 2022. The majority, 52 percent, believe rising prices will get worse next year. Only 23 percent expected it to improve.

Forty-six percent of respondents said they were pessimistic about the economic outlook in 2022 while only 30 percent were optimistic. Twenty percent believe the economy would be no better or worse next year than it is now.

The Journal also asked voters which political party in Congress would be more likely to get inflation under control. Forty-four percent said Republicans would, while only 26 percent thought Democrats would.

Biden’s overall disapproval in this poll is still looking pretty grim. Fifty-seven percent of respondents disapprove of the job Biden is doing. Of those 46 percent “strongly disapprove.”