Eighty-five percent of people surveyed said inflation is an important issue.
by a double-digit margin, according to a new ABC News/Ipsos poll this month, which found that price increases remain a top concern for voters, with less than six months to go until Election Day.
"Inflation is something that affects absolutely everybody," Elaine Kamarck, a senior fellow in the Governance Studies program at the Brookings Institution, told ABC News. "People notice it, whether they're rich or poor." "All of this is on the line this November: If Trump sets foot in the Oval Office, he'll make it his mission to undo this progress, ship jobs to China, and send costs through the roof. Voters want a candidate who will make their lives better, and Joe Biden is the only candidate who will," the statement added.Todd Fisher, 60, a retired automotive engineer who lives in Miami, Florida, said he's noticed rapid price increases for everything from haircuts to groceries.
When asked about the cooldown of price increases that began in 2022, Fisher said it still amounts to price increases, given previous hikes. The robust performance has defied expectations amid a prolonged period of high interest rates, which have sent borrowing rates soaring for everything from mortgages to credit cards. The Fed earlier this month opted for the sixth consecutive time toStill, 43% of respondents surveyed by ABC News/Ipsos said they've become worse off financially under the Biden presidency.
"I make a good amount of money but a lot of other people don't," Vickers said. "It's difficult to get through the day to day, week to week and month to month issues that might come around when you've got to pay your bills."
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