New poll Americans say inflation causing financial hardships

Close to half of Americans say that the rising inflation is causing financial hardships according to a Gallup poll.

The poll comes as the Biden administration grapples with rising prices which have reached a 30 year high according to a labor department report, with oil and gas increasing more than 50 percent since last year.

Forty-five percent of Americans say inflation is responsible for their current financial difficulties—10 percent of whom describe those difficulties as “severe.” Among those most affected are Americans in the lowest income bracket, with 71 percent of households making $40,000 or less saying inflation is causing financial strain. Less than a third of those making more than $100,000 reported financial hardship.

There has been a disproportionate effect on Americans with less education with 54% of Americans without a college degree reporting that the price increases have negatively affected them compared to only 30 % of college grads reporting any hardship caused by inflation
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