Thursday 2 June 2022 07:37 PM Almost 60% of Americans blame Biden for inflation as MILLIONS push off ... trends now
Forget about holidays!
Millions of Americans are putting off retirement as inflation continues to soar and President Joe Biden takes the brunt of the blame.
A new survey, conducted by BMO, shows that 25 percent of Americans are considering putting off retirement as the US experiences seemingly runaway inflation that is devaluing savings accounts.
A separate poll from the Trafalgar Group, conducted from May 25 to May 29, shows that roughly 60 percent blame Biden for the rising costs while a little over 31 percent blame Russia's invasion of Ukraine.
That's obviously bad news for the White House, but even worse the economic pain appears to be widespread.
Notably, inflation hasn't only hurt older citizens, it has hit those aged 18-34 particularly hard.
'Younger Americans are feeling the most impact - over 60 percent of those aged 18 [to] 34 said they had to reduce contributions to their savings,' the survey said.
Six in 10 Americans said inflation has impacted their finances, according to a survey performed by BMO. Twenty-five percent said it has 'majorly impacted,' causing millions to push back their retirements
Almost 60 percent of Americans blame President Joe Biden, 79, (pictured in May) for the rising inflation costs
Biden continues to take the brunt end of the blame, while 31 percent blame Russia's invasion of Ukraine
Americans have been dealing with high inflation rates for months now and many blame the president for the rising costs.
At the White House on Wednesday, Biden said: 'There's a lot going on right now but the idea we're going to be able to click a switch, bring down the cost of gasoline, is not likely in the near term. Nor is it
