The March Issues & Insights/TIPP poll has some interesting results with a clear bearing on the midterm elections coming up this fall.
Are you better off today under President Joe Biden than you were a year earlier? And are you financially prepared for a downturn in the economy or a job loss? The March I&I/TIPP Poll suggests most Americans would answer "no" to both of those questions.
One in five (20%) said they were "better off." while more than twice that number — 42% — said they were "worse off." Another 36% said they were "about the same."
Just over a third (34%) of households report having no emergency savings whatsoever. Another third have enough for somewhere between 1-3 months expenses. Imagine the impact of the Biden inflation on this roughly two-thirds of the populace, who skate close to the financial edge.
