Why Are Oregon Residents Concerned About Their Finances Due To Inflation As The Election Approaches?

Priorities have shifted in the United States in the months leading up to the pivotal midterm elections, with inflation and personal finances rising to the fore as COVID falls to the background, according to a new poll.

Inflation was named by 40% of respondents in an open-ended question in a poll conducted in June by The Associated Press-NORC Center for Public Affairs Research. That’s up significantly from December’s 14% and the previous year’s paltry 1%. From December to now, an increase of 12% has been seen in the percentage of people discussing the economy in some way, with 77% doing so.

But only 10% cite employment or unemployment businesses in the US are hiring despite high inflation and slow economic growth. Now, 44% of Americans say they are concerned about their finances, up from 24% in December to 11% a year earlier. The percentage of people who have brought up the price of groceries or gas has increased from 10% in December to 33% today.

Why Is Inflation Making Oregon Residents Worried About Their Money As The Election Draws Near (3)
Why Is Inflation Making Oregon Residents Worried About Their Money As The Election Draws Near (3)

 

President Joe Biden’s distaste for the economy has grown, which could help the Republican’s chances in the upcoming midterm elections. Even so, the economy isn’t the only topic that’s been getting increased focus this year. Additionally, many voters place a high value on issues central to Biden and the Democratic plan, such as abortion, women’s rights, and gun legislation, which might aid Democrats in their efforts to expand or at least maintain their razor-thin majority.

Many respondents to the poll expressed concern that neither major party was better at addressing their concerns or getting things done. Since Sara Rodriguez’s salary hasn’t increased as fast as the cost of living, she is worried about how her family will cope with the rising cost of food, transportation, and energy.

The quality control coordinator in Bristol, Connecticut, who is 43 years old, said, “We’ve got savings built up, and we’re noticing that it’s going down rapidly because we don’t make enough money to match how much the cost of things has risen.”

Due to her husband’s broken-down truck, Rodriguez, her husband, and the kid have had to share a single vehicle to commute to and from work and do errands during the past couple of months.

Although new strains of COVID-19 continue to appear, the number of people recognizing it as a significant concern has dropped precipitously in recent years, from 37% in December 2021 to 4% in December 2020. This contrasts with the rising percentage of people worried about the economy.

The substantial shifts since December are shared by both parties, while Republicans are more likely than Democrats to name inflation or personal finances as significant concerns. Construction worker Daniel Collier, 39, from Waynesville, Missouri, agrees that reducing gas prices should be a top concern.

His bank account has been negatively affected, he stated. I’m concerned about making ends meet, including rent and utility payments. Saying the president is “incompetent,” he holds Vice President Joe Biden responsible for the country’s “terrible” economic conditions and rising inflation.

Sixty-nine percent of respondents disapprove of Vice President Biden’s handling of the economy. This includes nearly all Republicans (93%) and almost half of all Democrats (43%). In a study conducted by the Associated Press and the National Opinion Research Center in May, most respondents expressed concern about the effect that higher-than-average costs would have on their budget.

Jakarta Green, age 22, finds that the ever-increasing costs make it impossible to keep up with the latest trends. The college student in Goshen, Indiana, stated, “It’s becoming tough to even pay for anything, like rent or petrol, and none of our incomes are going up.” “I try to cut back on spending and stay in more often.”

Green, however, has found other concerns to be more pressing. Roe v. Wade’s reversal “feels real now,” a topic that has been on her mind for some time. Equally concerning to her was the pervasive racism in the United States.

After the Supreme Court decided to overturn Roe v. Wade, there was a dramatic increase in the number of references to abortion and women’s rights, from 8% in December to 22% in June. The percentage of U.S. adults who bring up race in conversation is 12%, which is stable from December 2021 but significantly lower than the 24% who did so in 2020, according to the poll.

Difficult Holiday Season for Americans Due to High Gas Prices and Flight Cancellations Green: “I have these two compounding identities being Black and a woman,” adding that the higher maternal mortality rates among Black women than among white women is a significant cause for alarm. “It’s just so overwhelming here in the United States.”

When comparing December 2020’s 5% to December 2021’s 30%, you can see a clear upward trend. Mentions of gun concerns also increased, from 24% to 30%. When the 2021 survey was taken, it was right after a deadly school shooting in Michigan.

Why Is Inflation Making Oregon Residents Worried About Their Money As The Election Draws Near (1)
Why Is Inflation Making Oregon Residents Worried About Their Money As The Election Draws Near (1)

Charles Hagemeyer believes that the United States is facing “many different issues.” Although the state of the economy is more directly relevant to him, he did mention the July 4th mass shooting in Highland Park as evidence of a gun problem in the United States. Though the survey was taken after the tragedies in Buffalo and Uvalde, Texas, it was conducted before the attack.

Hagemeyer believes the United States has passed the point where gun control legislation could be effective, but he does not expect lawmakers to work together to address the issue. Most Americans (57%) disagree that one political party is more effective than the other in getting things done. About a third of respondents don’t have a preference between the two parties, and the remaining respondents are about evenly split.

Almost a third of the country has cited politics as a significant issue. According to Hagemeyer, “it just doesn’t seem like anybody in government wants to work with each other and try to solve some of the issues that the American people face.”

The survey asked 1,053 adults aged 18 and up their opinions between June 23 and June 27 using a sample selected from NORC’s probability-based AmeriSpeak Panel, which is intended to represent the U.S. population. All responses are subject to a 4-point sampling margin of error.