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Roughly half of Americans are struggling to remain where they are financially, according to a new nationwide survey published by Monmouth University’s Polling Institute.

The poll found 46% of respondents complaining they were having difficulty maintaining financial stability, while 45% of respondents said they were “basically stable” in their financial situation and a mere 9% boasted their financial situation is improving. The 46% of respondents expressing problems maintaining their financial stability represented a continued increase of monetary stress during the Biden era – in Monmouth’s polls conducted between 2022 and 2023, that share ranged between 37% and 44%, compared to a 20% to 29% range during the Trump era of 2017 to 2021.

“The overwhelming narrative is that a large segment of the American public feels it is financially behind the eight ball,” said Patrick Murray, director of the Monmouth University Polling Institute. “It is true that voters who feel more comfortable with their economic situation are likely to support Biden. But despite continued Democratic efforts to tout rosy economic indicators, the tactic of telling financially pessimistic voters they should feel differently does not appear to be working.”

Among the biggest concerns facing the survey’s respondents, the greatest issues cited were inflation (24%), the economy (14%), everyday household bills (11%) and housing costs (5%). The lowest level of concern involved college costs, climate change and abortion – those issues generated 2% shares each.

“Even with a declining inflation rate, prices continue to be much higher than they were four years ago,” added Murray. “That’s the metric that has really mattered to many Americans over the past two years. Economic concerns may not be the top motivating factor for all voters, but it defines the contours of this year’s election.”

As for the election, the survey’s respondents ranked Trump (33%) as being more cognizant of the economic well-being of average Americans compared to Biden (28%), nearly half of respondents believed neither man was really concerned about this situation. The survey’s respondents were also skeptical about Congress’ response to economic concerns.

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“There isn’t a lot of variation in these results, but it is interesting to note that the small differences seem to favor Trump at the presidential level and Democrats at the congressional level,” said Murray.

The survey was conducted from June 6-10, with a probability-based national random sample of 1,106 adults.

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