The economic toll of inflation rates in the U.S. remains a top issue for voters in the 2024 presidential cycle.
According to the Pew Research Center, nearly three-quarters of Americans say strengthening the economy is their top priority, driven by worries about inflation. 72% of adults are very concerned about the price of food and consumer goods and 63% are very worried about the cost of housing.
Despite inflation having fallen by about 6 percent since its high in 2022 and the U.S. enjoying the lowest inflation among countries in the G7, an informal group of advanced economies including Germany, Japan and the U.K.
The tide might be starting to turn as views on the economy shift: a Suffolk University and USA TODAY poll shows that 33 percent of respondents describe the economy as being in “economic recovery,” up from 9 percent less than two years ago.
With voters so concerned about inflation and the economy, they will likely consider President Joe Biden’s and former President Donald Trump’s inflation-reducing plans when making their decision.
Prep for the polls: See who is running for president and compare where they stand on key issues in our Voter Guide
How does Biden plan to fix inflation?
Biden has touted his Inflation Reduction Act, enacted in August of 2022, but it hasn’t yet curbed prices—which even he admits.
“I wish I hadn’t called it that because it has less to do with reducing inflation than it has to do with providing alternatives that…
