Bidenflation Stole Christmas: Inflation Causing Hardship During Holidays for Nearly Half of American Households

Ten percent of households say they are suffering “severe” hardship from inflation.

Among households earning less than $40,o00, 42 percent say they are suffering moderate hardship and 28 percent say they are suffering severe hardship.

Among households earning between $40,000 and $99,999, just eight percent reported severe hardship and 38 percent reported moderate hardship.

Among higher-income households, the severe share is just two percent and the moderate share is 28 percent.

Republicans and independents were equally likely to say they are suffering from severe hardship, at 11 percent.

Moderate hardship was reported by 42 percent of Republicans, 38 percent of moderates, and just 28 percent of Democrats.

To put it differently, 63 percent of Democrats say they are suffering no hardship at all from inflation while just 51 percent of independents and 47 percent of Republicans say that.

Thirteen percent of non-college households say they are suffering severe hardship and just 4 percent of college graduate households say that.

Forty percent of non-college households say they have suffered moderate hardship, versus 26 percent of college grads.

The top one-percent of income earners have 47.9 percent of their wealth in publicly traded stock and mutual funds, a far higher share than lower-income Americans.