TokyoTokyo Mon - Fri 10:00-18:00 +81 (368) 662-975
info@mountequitygroup.com

Americans souring on economy as inflation hits 30-year high

Mount Equity Group Tokyo, Japan > News > Markets > Americans souring on economy as inflation hits 30-year high

Rep. Ashley Hinson, R-Iowa, provides insight into Biden’s Build Back Better plan. 

Americans are growing increasingly pessimistic about the state of the U.S. economy as consumers grapple with a surge of inflation that has pushed the price of everyday bedrock goods to the highest level in years.

A new poll published by The Associated Press-NORC Center for Public Affairs Research found that only 35% of Americans now call the national economy good – a significant drop from September, when 45% said they viewed the economy as good. The current percentage is similar to views in January and February, before the widespread distribution of COVID-19 vaccines in the U.S.

A stunning 65% of Americans called the economy poor, despite solid job gains in October that saw the unemployment rate fall to a new pandemic low of 4.8%. 

WHERE IS SURGING INFLATION HITTING AMERICANS THE HARDEST?

Democrats and Republicans alike are losing faith in…

Read more…