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[World Talk] Poll: Inflation continues to trouble the American people, and the cost of living has become the most concerning issue for Americans
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China Daily, August 26: The latest poll results from global market research group Ipsos show that inflation continues to trouble Americans. As concerns about a U.S. recession persist, 50% of respondents said the cost of living is their top concern.
Ipsos said that Americans are increasingly worried about the cost of living. It is expected that by the end of this year, the cumulative increase in the Consumer Price Index (CPI) since 2020 will exceed 20%, while food and other living expenses will Prices of essential goods may have soared by nearly 28% in the past five years.
Chris Jackson, senior vice president of Ipsos US Public Affairs, said, "Inflation is a key factor inhibiting consumer confidence" and the American people have long suffered a heavy cost of living burden. Inflation is undoubtedly the most concerning issue for the public. It is directly related to frequent and intuitive economic expenditures in daily life, such as the rising gas costs when filling up every week.
Ipsos pointed out that although the inflation rate has declined, consumer concerns are rising. Prices for everything from hot dogs to homes are soaring, yet American wages can't keep up.
In addition, the Federal Reserve currently maintains the benchmark interest rate between 5.25% and 5.5%, which means that the final cost (including purchasing large items) Loan costs) remain quite high for many consumers. The cost of living crisis has put low- and middle-income people in the United States in a difficult situation. A poll in April this year showed that only 27% of low-income American families said their lives were decent.
Ipsos said that the American people are quite pessimistic about the prospects of the U.S. economy. Polls show that more than half of the American people (56%) believe that the current economic situation in the United States is very bad, and Republicans account for as high as 78%; in addition, the majority of the people (63%) believe that the United States is "on the wrong path." ". [Editor: Wang Chao]
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