Commentary
New polling data from Gallup show Americans are not having an easy time through this period of rising prices.
According to Gallup, 56 percent of Americans say now that rising prices are causing severe or moderate hardship.
Drilling down, we see that the hardship is not shared equally.
Among low-income households, those with income less than $48,000, 74 percent report they are experiencing hardship. Among middle-income households, with income $48,000 to $89,999, 63 percent report hardship. And among upper income, $90,000 and above, 40 percent report experiencing hardship.
But Secretary of the Treasury Janet Yellen showed up at Ford’s Rouge Electric Vehicle Center in Dearborn, Michigan, recently with an upbeat economic message reminiscent of the joke, “Who are you going to believe, me or your own eyes?”…