7 out of 10 Americans Suffering Financial Stress Under Biden's Tenure
A new poll revealed a really horrible truth about President Joe Biden and his presidency.
The polling reveals that 70% of people feel financially stressed under Biden's leadership.
These aren't really the results a sitting president hope to see. It's pretty obvious to Americans that President Joe Biden is not fit for the Oval Office, and America would be better off with a different leader.
The CNBC Your Money Financial Confidence survey revealed the truth about how much citizens of the United States are struggling financially.
"Inflation, fueled by Biden’s war on American energy, was the main driver of their stress, as 60 percent of respondents pointed to Biden’s inflation as the main reason for financial stress," reported Breitbart News.
"Biden’s 40-year-high inflation costs American households an extra $5,200 in 2022 or $433 per month," Bloomberg reported.
"Thirty-six percent said increased interest rates caused them stress," reported Breitbart. "The Federal Reserve continued to increase interest rates in March to tamp down inflation, a decision subject to speculation by financial experts, as the central bank weighed reducing soaring inflation and the stability of the banking system."
According to Breitbart, the poll revealed additional concerning trends, such as the amount of those living paycheck to paycheck and credit card delinquency rates:
The survey found most Americans (58%) are living paycheck to paycheck. Struggling to make ends meet, many are relying on credit cards to cover any shortfalls. Meanwhile, nearly one-quarter of those surveyed said credit card debt also contributed to their financial stress.
Government data shows credit card balances are rising and delinquency rates are increasing. Household debt levels surged by $38 billion in February from a year ago, according to a report by the U.S. Federal Reserve.
Only 45% of U.S. adults said they have an emergency fund. And, for those who do have emergency savings, about 26% polled said they have less than $5,000 saved.