Inflation has left a majority of Americans with less money in their pocket.
According to a national survey by Fox News, 57% of respondents said they have less money than they did in February 2022.
The poll also showed that 12% have more money than a year ago, while 31% have roughly the same.
Those feeling hardest hit include Republican women (78% less money now), rural Whites (69%), Gen Xers (63%), and voters with annual income below $50,000 (62%), according to the poll.
The economy remains the most important problem facing the country for 65% of respondents, far outweighing other issues like immigration/border security (13%), climate (10%), and guns (9%). The poll also showed that 62% of voters disapprove of how President Joe Biden has handled the economy. Another 66% of voters disapprove of how the president has handled inflation.
Of those polled, 78% say the economy is in only fair or poor condition.
The poll comes on the heels of a report from the Commerce Department, which showed consumer prices rose 0.6% from December to January, up sharply from a 0.2% increase from November to December, according to the Associated Press. On a year-over-year basis, prices rose 5.4%.
The most recent Consumer Price Index for January also showed consumer prices climbed 6.4% over the last 12 months, with across-the-board increases in shelter, food and energy.
At the same time, average hourly earnings are down 1.8% from a year ago, according to a Bureau of Labor Statistics report that adjusts wages for inflation.
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