WASHINGTON — Only 10% of U.S. adults say they have high confidence in the nation’s banks and other financial institutions, a new poll finds. That’s down from…
“It’s like they have free rein to do whatever they want with money,” said Metscher, a Republican.
There’s been little change in the already glum assessment of the U.S. economy since a month ago, before the recent banking system turmoil, the poll shows. Only a quarter say national economic conditions are good; three quarters call them poor.About half of U.S. adults describe their personal financial situations as good, a drop from last year when about 6 in 10 said that. About 6 in 10 Democrats and about half of Republicans give positive assessments of their current finances.
American households have been hit hard by inflation, which began to pick up in the spring of 2021. Adjusted for inflation, U.S. hourly wages have fallen for 23 straight months compared to a year earlier. “I get paid every two weeks,” she said. “One of my checks goes straight to daycare. The rest is what I have to use to pay the bills. It’s just ridiculous.” But Springer, a Democrat, blames businesses, not President Joe Biden or the government, for ratcheting prices higher. “The government can only do so much,” she said.
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