High prices are souring the holiday cheer for most consumers, AP-NORC poll finds
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High prices are souring the holiday cheer for most consumers, AP-NORC poll finds
"It's a sobering assessment for the Republican president, who returned to the White House in large part by promising to lower prices, only to find that inflation remains a threat to his popularity just as it did for Democrat Joe Biden's presidency. The poll's findings look very similar to an AP-NORC poll from December 2022, when Biden was president and the country was grappling with higher rates of inflation."
"The vast majority of U.S. adults say they've noticed higher than usual prices for groceries, electricity, and holiday gifts in recent months, according to the survey from The Associated Press-NORC Center for Public Affairs Research. Roughly half of Americans say it's harder than usual to afford the things they want to give as holiday gifts, and similar numbers are delaying big purchases or cutting back on nonessential purchases more than they would normally."
A large share of U.S. adults report noticing higher-than-usual prices for groceries, electricity, and holiday gifts. Roughly half say it is harder to afford desired holiday gifts, and similar numbers are delaying big purchases or cutting back on nonessential spending. Sixty-eight percent describe the country's economy as poor, unchanged from December 2024. Tariffs have added to inflationary pressures and generated anxiety about economic stability, keeping prices elevated. The president insists there is no inflation and that the economy is booming, while many Americans remain frustrated and financially strained.
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