Seventy percent of Americans feel financially stressed in Biden’s America, a CNBC Your Money Financial Confidence survey revealed Tuesday.
Seventy percent of Americans feel financially stressed in President Joe Biden’s America, a CNBC Your Money Financial Confidence survey revealed Tuesday.by Biden’s war on American energy, was the main driver of their stress, as 60 percent of respondents pointed to Biden’s inflation as the main reason for financial stress.American households an extra $5,200 in 2022 or $433 per month, according to Bloomberg.
“The recent failures of Silicon Valley Bank and Signature Bank and worries about the health of the U.S. financial system add to the uncertainty. Only 13% of adults said they are very confident in America’s banking system,” the poll found. “About a third said the recent banking crisis made them much more concerned about their own financial security, and 42% said it made them somewhat more concerned.
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