Bracing for Biden’s Cruel Recession, Majority of Families Are Delaying Major Purchases
At least 84 percent of Americans anticipate a recession before the end of the year, prompting lifestyle changes
Oct. 19, 2022 - 'Inflation Reduction Act' - Bidenflation - Blog - Press Releases - Talking Points
Before prices climbed to the highest point in this Administration, at least 84 percent of Americans feared a recession would take place before the end of the year, prompting more than three in four families to make significant lifestyle changes, according to a new survey.
The survey found:
* Many Americans believe the U.S. is already in a recession: At least 84 percent of American adults believe the U.S. will be in a recession before the end of the year.
* American families are suffering in Biden’s cruel economy: More than 75 percent of Americans are making changes to their lifestyle including delaying major purchases (34 percent), delaying paying down debt (29 percent), and cutting back on spending for the holidays (28 percent).
* Rising prices are top of mind: More than 70 percent of Americans believe “their financial momentum is threatened" by skyrocketing grocery bills (78 percent) and the rising cost of gas (76 percent). At least 74 percent of Americans are concerned about inflation.
