Mass Numbers of Americans are Struggling Financially

2020 and 2021 have not been easy years for Americans. Many people lost their jobs, livelihoods, and businesses, due to the means by which health officials and political leaders chose to handle COVID.

Between shutdowns, shelter-in-place directives, capacity limits placed on businesses, vaccine mandates, and more, many people are in a tight spot. Some folks lost everything altogether; meanwhile, there are other Americans who are barely keeping their heads above water.

The current state of the economy doesn’t help matters, either. Inflation is crushing the middle class and working class in America. As everything gets more expensive across the board, it’s reducing the spending power of the US dollar.

Now, a brand new poll has shown that mass numbers of Americans are wrestling with financial struggles, according to Breitbart News.

What to Know About the Financial Status of Many Americans

According to Rasmussen Reports, 48% of Americans maintain their financial status is in a worse place than it was one year prior. Only 20% of people told the pollster they were better off, whereas another 28% said they were in about the same position as they were during 2020.

The amount of people who claim to be worse off financially differs when screened by partisanship. For instance, 61% of Republicans, 51% of Independents, and 35% of Democrats confirm this year has made their financial situations worse than last year.

As it turns out, people are also widely divided on whether or not they believe their finances will improve in 2022. Rasmussen Reports documents that 34% anticipate their finances will only get worse.

This leaves a remaining 30% who believe they’ll be in the same financial place one year from now and 33% project their financial situations will improve.

51% of Republicans, 33% of Independents, and 20% of Democrats are predicting worse financial situations for themselves within the next year.

Build Back Broke

When Joe Biden ran his campaign last year to be president, he professed he would “build back better” for the American people. Yet, nearly one year into the president’s first term, nearly half of the nation is struggling with their finances.

Biden, with all of his spending bills and other reckless fiscal measures, is not building back better; instead, he’s building back broke, and the data from Rasmussen Reports is the proof.

Unfortunately, inflation in the United States is not going to end when the clock strikes midnight on Saturday. Economists have been consistent in predicting that inflation will carry out into the better party of 2022.

For people who are barely treading water financially, the last thing they need to be added to their plates is more inflation.

What do you think about the data on Americans who are dealing with financial problems? Do you believe people’s financial situations are going to improve in 2022? Let us know in the comment area.