S. economy, a significant majority of Americans perceive the nation to be in a recession.
This is according to a recent survey conducted by Affirm, which was initially reported by CNBC. The survey's findings contradict the administration's narrative, indicating that the supposed economic strength is not being felt by the majority of the populace.
According to Gateway Pundit, the survey, which involved 2,000 adults in June, revealed that "59% of Americans falsely believe that the U.S. is currently in a recession." This perception underscores the growing sentiment among Americans that the economy under Biden is faltering. The report further states, "The U.S. economy has remained remarkably strong even amid persistent inflation and high interest rates."
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Inflation has been a persistent issue, nearly reaching double digits during the early years of Biden's tenure. Some experts even suggest that the actual inflation rate may be higher than the official statistics indicate. This economic challenge was further compounded by a "historic surge" in corporate bankruptcies last week, a level unseen since the COVID pandemic.
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The economic strain on everyday Americans is further highlighted by another survey, which found that over a quarter of Americans are skipping meals due to the escalating cost of food. Almost half of these individuals reported doing so to afford their housing payments. These findings paint a stark picture of the economic reality for many Americans, contrasting sharply with the administration's claims of a thriving economy.
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The disconnect between the administration's narrative and the lived experiences of many Americans raises questions about the effectiveness of the current economic policies. The persistent inflation, high corporate bankruptcy rates, and the struggle of many Americans to afford basic necessities like food and housing all point to an economy that is far from thriving.
