Over 75% of Americans Say Inflation Is Affecting Them Personally and Majority Blame Biden

Over 75% of Americans Say Inflation Is Affecting Them Personally and Majority Blame Biden

Mona Salama
Mona Salama
|
November 24, 2021

Seventy-seven percent of Americans say that inflation is personally affecting their lives, and a majority are blaming President Biden for the high prices, according to a recent new poll.

According to a new Yahoo News/YouGov poll conducted from Nov. 17 to 19, 77 percent of respondents say inflation has recently affected them to some extent, with 37 percent saying inflation has impacted them “a great deal,” and 40 percent believe it has had “some” impact. More than 6 in 10 (61 percent) say the same about the ongoing supply chain crisis that has resulted in the “shortages of goods and services.” Seventeen percent say the shortage of goods has impacted them “a great deal,” while 44 percent say it has had “some” impact on their personal lives.

The poll also found that 51 percent of Americans are worried that they “won’t be able to afford what they need during the holidays due to inflation,” while 45 percent fear they “won’t be able to get what they need” ​due to the ​supply chain ​disruption.

Divided by political party, 50 percent of Republicans said that inflation impacted them a “great deal,” compared to 25 percent of Democrats and 38 percent of independents. Nearly 7 in 10 Democrats (69 percent) say inflation affects their lives in “some” aspect — a little less than the 79 percent of independents, 79 percent, and 90 percent Republicans who say the same.

Furthermore, 46 percent of Democrats are nearly as worried compared to 60 percent of  Republicans about inflation. On shortages affecting their holiday purchases, 41 percent of Democrats said they are worried, while half of the Republicans say the same.

When asked how much each of the following are to blame for the cause of the current inflation, 80 percent of Americans say the disruptions caused by the COVID, with 49 percent saying the pandemic has caused “a great deal,” and 31 percent are saying it bears “some” blame. Meanwhile, 57 percent are pinning the blame on Biden as 39 percent say the president deserves “a great deal” of responsibility while 18 percent believe he deserves “some” blame.

But when asked whether COVID or Biden deserves “the most” blame, 35 percent of Americans pinned the blame on Biden while 30 percent faulted the COVID pandemic. Many economists, especially Obama’s former Treasury Secretary Larry Summer, have also blamed Biden for forcing a $1.9 trillion stimulus relief package earlier this year at a time the economy was turning the page from the pandemic for overheating the economy that stroked inflation to the fastest yearly pace in more than three decades.

Nearly all Republicans — 90 percent place “some” blame on Biden for causing inflation, while 73 percent overwhelmingly said the president deserves “the most” blame. Two-thirds of independents (65 percent) say Biden deserves at least “some” of the blame.

Meanwhile, 48 percent of Democrats are blaming the pandemic, while 29 percent sought to fault former President Donald Trump for some of the causes of inflation. Only 28 percent assign Biden at least some blame for inflation.

The poll also found that 17 percent said inflation was the “most important issue facing America” than any other issue, including COVID, which only 15 percent said was a top issue. One-third of Republicans (32 percent) state that inflation is America’s biggest problem right now, while Democrats are less likely to identify inflation as a dilemma, with only 8 percent believing it is. Additionally, a small majority polled — 18 percent believe that Biden is doing enough to address inflation.

Most alarming for the president from his own party in this poll is the vote of confidence in Biden’s handling the inflation and supply chain crises. Only less than half of Democrats believe Biden is doing enough, with 39 percent saying he is addressing the issue of inflation while 43 percent think so with the supply chain crisis. A third of Democrats are not sure Biden is doing anything, with 36 percent saying this about inflation and 31 percent on the supply chain crisis. Perhaps even worse, a quarter of Democrats say Biden is not doing enough about inflation, while 27 percent believe the president is not doing enough to fix the supply chain crisis.

The poll put Biden’s job approval rating at 43 percent, mirroring numerous polls conducted since mid-August reflecting the steady approval decline. A RealClear Politics polling average finds Biden’s approval rating at 41.3 percent, while 53.4 percent disapprove, reflecting voter dismay over his job handling as president.

The Yahoo/YouGov poll surveyed 1,696 U.S. adults and was conducted from Nov. 17 to 19. The margin of error is plus-or-minus 2.6 percentage points.

Mona Salama

Mona Salama

Subscribe to the newsletter everyone in Florida is reading.