According to a poll, more than three-quarters of Americans believe inflation is negatively affecting their lives with the approaching holiday season. More than half also think President Biden should be held responsible for high prices.
A Yahoo News/YouGov poll released Tuesday showed that 77% of Americans believe inflation has affected them in the past, and 61 percent said the same about the ongoing supply crisis and the resulting shortages of goods and services.
A poll found that 51 percent of Americans worry about inflation and 45 percent are worried they won’t get the goods they need because of disruptions in the supply chain.
As a result, the disruptive effects of inflation transcend partisan lines. 69 percent of Democrats admit that high prices have had an impact on them “some” or “a lot”. Nine out of ten Republicans agree, as do 79 percent of independents.
If asked who they believe is responsible for high inflation-related prices, 80 percent of Americans say COVID-19. While 57% of Americans think Biden has “some” or “a lot” of responsibility.
But when asked who deserves “the most” blame, 35 percent of respondents say Biden while 30 percent say the pandemic.
Nearly all Republicans (90%) and 65 percent, respectively, place some blame on the president for inflation. The same goes for 28 percent of Democrats.
Overall, the poll rated Biden’s approval rating for his job at 43 percent. This is slightly higher than other surveys which have the president at 36%.
The highest prices for gasoline in seven decades will greet Americans as they travel to Thanksgiving. 14% more will be required to purchase turkey dinner for family and friends.
The Biden administration announced Tuesday that 50 million barrels would be released from the Strategic Petroleum Reserve in an attempt to ease the pump pain. However, the president acknowledged that this won’t take effect immediately.
Biden stated Tuesday that while it will take some time, the gas prices should drop by the time you fill up your tank.
Yahoo/YouGov polled 1,696 adults between Nov. 17-19 and had a margin error of +/- 2.6 percentage points.
