Percentage of Americans saying financial situation getting worse highest since 2001: Gallup
Even though you don’t need it, below is incontrovertible evidence of what we already knew, that the Trump/MAGA/Republican administration is destroying our economy and our lives.
While Trump’s family rakes in billions of dollars, and corporations and billionaires revel in undeserved tax cuts, they live in opulent splendor while America comes apart at the seams.
We were promised a “Golden age of prosperity’, no more ‘forever’ wars, really affordable healthcare, lowering of grocery prices, lower inflation and a host of other economic measures, and it was all a lie fabricated to get our votes. And once those votes were secured all we got was what was once referred to as “The fickle finger of fate!’
Republicans lie, but the numbers don’t. We are the richest country in the world, yet our poverty rate, on a proportional basis, is among the highest in the world.
Trump and his fat-cat Republicans have slashed healthcare funding, closed regional hospitals, abandoned veterans, killed food stamps for children and the indigent, and generally partied while the country went to hell.
See below, it’s all there.
Boldface mine for emphasis:
Percentage of Americans saying financial situation getting worse highest since 2001: Gallup
A recent survey by Gallup found that 55 percent of respondents view their personal financial situation as getting worse, a new high dating back to 2001.
The polling, released Tuesday, was conducted from April 1-15 for the firm’s annual Economy and Personal Finance survey. It asked respondents’ questions on their personal financial situations, the most important financial problems they face and how price increases are impacting them, among other queries. The percentage of those who said their personal financial situation is getting worse is higher than the previous high of 53 percent, set last April. The prior high mark was 50 percent, which was set twice — during the COVID-19 pandemic in April 2020 and amid high inflation in April 2023.
Last month, inflation jumped nine-tenths of a percentage point from February, to 3.3 percent. The cost of gasoline was up by 18.9 percent, after declining year-over-year in the prior three months. Gas prices spiked in response to the U.S.-Israeli war with Iran, as the Iranian military imposed restrictions on shipping through the Strait of Hormuz. That move rocked the energy industry, with gas prices reaching their highest level in four years on Tuesday, at nearly $4.18, according to AAA.
The cost of energy is not the only financial concern that Americans have, though. More than three in 10 respondents to the Gallup poll said that the high cost of living and inflation combined is the top problem facing their family.
Thirteen percent of respondents each said that energy costs and oil and gas prices combined and the cost of owning or renting a home is their top problem, while 8 percent pointed to healthcare costs.
More than six in 10 respondents, meanwhile, said they were either “very” or “moderately” worried about not having enough money for retirement. Three-fifths of respondents also said they were worried about not being able to pay medical costs in the event of a serious illness or accident, while 40 percent said they were worried about not having enough money to pay for their children’s college.
The results of the poll were released less than seven months until the midterms, with Republicans hoping to maintain their House and Senate majorities and Democrats looking to flip the switch for the final two years of President Trump’s term.
The Gallup survey was conducted via phone interviews with 1,001 U.S. adults. It has a margin of error of 4 percentage points.
Last month, inflation jumped nine-tenths of a percentage point from February, to 3.3 percent. The cost of gasoline was up by 18.9 percent, after declining year-over-year in the prior three months.
byu/PrincipleTemporary65 ineconomy
Posted by PrincipleTemporary65
1 Comment
Republicans have damn good reasons to be pessimistic. It will not be getting better, but just based on what has happened already with the ongoing war, the real impact will start making its impact more so in the coming months.