American voters are still worried about inflation as the Federal Reserve gets ready to meet this week to decide how to proceed with interest rates.
According to a Rasmussen Reports survey released this week, 87% of probable American voters say they are worried about inflation, with 63% saying they are very concerned. Only 11% of people claim not to be worried about inflation.
Republicans are 94 percent more likely than Democrats to express some anxiety about inflation. Eighty percent of people are highly worried. Among independent voters, 85% express some level of anxiety, with 65% expressing extreme concern. Only 46% of Democrats are very worried, compared to 84% of Democrats who are somewhat concerned.
Only 19% believe that lifting the debt ceiling would improve inflation, while 47% believe it will worsen it. 25% of people believe it will not significantly change either way. Sixty-five percent of those who are very worried about inflation believe that increasing the debt limit would make the problem worse.
With 66 percent of women reporting being very anxious vs 60 percent of men, women are somewhat more inclined than men to be concerned about inflation.
63 percent of white people say they are extremely worried about inflation. 51 percent of black voters report being very worried. Among other minority voters, 70% express extreme anxiety.
Voters with higher incomes are less likely to express a strong worry about inflation, whereas those with annual incomes under $30,000 are more likely to do so. The majority of those who feel that the debt limit agreement would improve inflation are those with incomes exceeding $200,000.
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