Research is indicating that half of Americans who are getting hammered by inflation and the high cost of living are indulging in drinking, junk food, and smoking more as they dread high electricity and gas bills this winter.
(Video Credit: CBS Evening News)
That doesn’t take into account those who are hurting themselves even more by self-medicating over the whole abysmal situation to fight off depression. It’s no comfort either that things are even worse in Europe at the moment.
The research and data group PYMNTS surveyed almost 3,500 US consumers as well and found that two out of three Americans are living paycheck to paycheck.
Toluna, a consumer insights firm, is reporting that 50 percent of those they surveyed noted that they felt their health was suffering due to President Biden’s economic crisis. Inflation is currently raging at over 8 percent, according to the Consumer Price Index.
(Video Credit: CBS Evening News)
The firm surveyed 1,000 people across the nation. A whopping 37 percent claim they are feeling more stressed, 21 percent noted they are engaging in poor eating habits, 16 percent have turned to smoking more, and 14 percent are drinking to numb the pain.
The survey took place just a couple of weeks before the midterm elections. Voters are indicating that inflation, crime, and immigration are at the top of their priority lists. All issues that Democrats have failed at miserably. Leftists are widely expected to get trounced this time around. Both the House and the Senate are expected to flip red, handing control of Congress back to the Republicans.
Joe Biden was inaugurated on January 20, 2021.
-We went from stable prices to record inflation.
-We went from safe streets to record crime.
-We went from $2 gas to $5 gas.
-We went from a secure border to chaos.
— Rep. Jim Jordan (@Jim_Jordan) October 25, 2022
Bloomberg predicted this week that the US economy is 100 percent likely to plunge into a recession within the next year. Many contend we are already there and that we are teetering on the edge of a depression.
“As we move further into the cost-of-living crisis, the impact of it is starting to show,” Matt Booth, who is a senior researcher for Toluna’s Global Consumer Barometer, commented. “It’s affecting everything from our personal health, to how we plan our grocery shopping, and where we’re cutting back to save money.”
Almost three-quarters of Americans are worried about affording the cost of electricity and gas. The price of heating oil has skyrocketed. So has the cost of propane and other fuels that are used to stay warm during the winter, according to the Daily Mail.
UPDATED: Two straight minutes of Democrats lying about inflation. pic.twitter.com/NzFudr6YFn
— RNC Research (@RNCResearch) October 25, 2022
Nearly two-thirds of those who participated in the survey claimed that the energy crisis and the rising cost of living were affecting their spending plans.
Thirty-seven percent of those surveyed say they will cut back on eating out, 23 percent will stop ordering takeout, and 21 percent will look for bargains that include buying cheaper items.
The US Energy Information Administration (EIA) released a report in September that contends the cost of heating a home with oil will jump by 27 percent to $2,354 this winter, and propane and natural gas costs will also steeply rise.
Price Inflation using a 1980 based inflation calculator is currently running 17% 🚨
The current official CPI data is mostly fake. It is manipulated now to underreport in order to save the government money on cost of living increases. pic.twitter.com/vgZnzcCEBu
— Wall Street Silver (@WallStreetSilv) October 25, 2022
Suppliers in the Northeast have already been rationing heating oil after stockpiles dropped to a third of their normal levels, according to the Daily Mail. Fears of a long, dark, cold winter are taking hold.
In more bad news for Democrats, Phoenix, Arizona is one of the places being hardest hit by inflation according to the personal finance website WalletHub. Evidently, supplies of food, gas, and housing just can’t keep up there and a shortage of workers is driving up wages.
The ultimate solution to inflation is throwing out as many Democrats as possible, and then doing it again in 2024
— Mark R. Levin (@marklevinshow) October 26, 2022
Atlanta, Miami, Tampa, and Baltimore round out the top five cities that are witnessing above-average hikes in prices of groceries, gas, rent, and other items tracked by the federal government’s Consumer Price Index (CPI).
Heating homes, putting food on the table, having a roof overhead, putting clothes on the kids, and being able to fill up the gas tank are issues that are far out shadowing the Democrats’ perpetual screaming over abortion rights which they put all their money on to get leftists elected. The midterm elections will reflect that no doubt.
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