December 2, 2021

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Inflation emerges as defining economic challenge of Biden presidency, with no obvious solution at hand – The Washington Post

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Inflation is a constant topic of conversation in many communities, and Americans, especially independents, do not believe Biden is doing enough to help the situation, said Richard Curtin, director of the University of Michigan Surveys of Consumers. The bottom third of Americans report much higher income than a year ago from rising pay and government assistance, but roughly a quarter of lower-income Americans and middle-class Americans say their living standards have declined because their incomes are not keeping up with inflation, according to Curtin.

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