The majority of Americans say inflation is causing them financial hardship, according to a new poll.
While the Biden administration heralded a pause in the rise of inflation for the month of July, a new Gallup poll indicates that Americans are feeling the pain more now than at the beginning of this year.
“A majority of Americans, 56 percent, now say price increases are causing financial hardship for their household, up from 49 percent in January and 45 percent in November,” Gallup said. “The latest reading includes 12 percent who describe the hardship as severe and 44 percent as moderate.”
The survey was conducted Aug. 1–22 after that pause in inflation. More federal data will be released this month showing whether inflation took off again in August or remained steady….