Online discussions about food price increases since Joe Biden took office are heavily influenced by political affiliation, socioeconomic status, and geographical location.

• Discussion volume regarding inflation has increased in the past few days, suggesting high costs are on Americans’ minds.
• Average sentiment on inflation since the beginning of 2024 has averaged 47% but has dropped around 1% in the last week.
• MIG Reports data shows a trend of increased discussion coupled with decreased sentiment.

At-home food prices increased 5% from 2022 to 2023. They’re up 25% overall since 2019, severely impacting American families’ food prices and their views on inflation. Some of the influencing factors on prices include:

• Supply chain disruptions, weather events, energy costs, trade policies, currency exchange rates, subsidies, and demand-side factors.
• Political policies such as trade agreements, tariffs, energy policies, and agricultural subsidies.
• Government decisions regarding international trade, energy regulation, agricultural support, and currency management can contribute to price volatility and impact the affordability of food for consumers.
  

How Voter Groups and Demographics View Food Inflation

Many Republicans, according to online discussion, opinion pieces, and televised interviews, are attributing the rise in food prices to President Biden's policy changes. They cite the administration's increased spending, supply chain disruptions, and inflation as key reasons for the escalating costs. This group often uses the term "Bidenflation" or "Bidenomics" to describe this phenomenon, emphasizing their belief that Biden's economic policies are directly responsible for the increased prices.

Democrats generally defend Biden, asserting that the food price increases are a result of global factors beyond the control of any one administration. They point to what they believe is an ongoing COVID pandemic, global supply chain issues, and climate change impacting agricultural yields as major contributors. They argue that these problems were inherited from previous administrations. They assert it will take time for Biden's policies to take effect and alleviate these issues.

Independents seem to be of mixed opinion. Some align with Republicans in blaming Biden's policies, while others agree with Democrats that the rising prices are due to more global and systemic issues. Regardless of what they believe is the cause, most people express frustration with the situation and increasingly high costs.

Various demographic groups have varying views. Lower-income individuals and families, who are most impacted by rising food prices, express concern and frustration. But there's no clear consensus on who they believe is to blame. Some point to the Biden administration, while others blame systemic issues or corporate greed.

Geographically, individuals in high cost-of-living urban areas are expressing more concern about the rising food prices. Rural areas, especially farming communities, are also voicing concerns, as the price increases are impacting their livelihood.

Overall, every Americans seem concerned about the economy and their financial survival. Differences become apparent only in various views about what’s causing higher prices.

Former President Trump made comments over the weekend about China attempting to bring car manufacturing to Mexico. He said they must be stopped from importing cars into the U.S. and that, if he is not elected, the economic result for American car manufacturing will be a “bloodbath.” The media’s interpretation of Trump’s comments has generated debate, with people interpreting the comments largely through their political lens.

Democrats generally view the comments as threatening and indicative of Trump's refusal to accept potential election losses. They argue that such language is dangerous and could incite violence among Trump's supporters. Some Democrats, however, say they understand Trump's comments were taken out of context and that he was not referring to potential violence, but rather the impact on the automotive industry if he were not elected.

Republicans are largely defending Trump, arguing that his comments were intentionally misrepresented by the media. They assert that Trump was talking about the economic consequences for industries like automotive manufacturing if he is not elected. They accuse the media of manipulating Trump's words to fit a negative narrative and fuel political tensions. However, some Republicans also perceive the comments as a warning of potential unrest or violence.

Independents are split in their interpretations of Trump's comments. Some agree with Democrats that the comments are a threat and could incite violence. Others side with Republicans, criticizing the media for taking Trump's words out of context.

Independents criticize Trump's choice of words and question his suitability for the presidency, but they also argue the media and certain political factions may be overblowing the remark.

Talking About - Donald Trump

Approval - Donald Trump

There seems to be an overall sentiment that the media sensationalizes Trump's comments. Both Republicans and some Independents are disillusioned with the media and argue that its portrayal of Trump's comments as a threat of violence is a clear distortion of his actual words. They believe that the media is disingenuous about their interpretation of the comment, furthering a negative narrative about Trump.

Some say the media puts Trump’s words in the worst possible light to generate controversy and boost ratings, taking every opportunity to attack Trump and those who do not condemn him. However, many Democrats and some Independents disagree, asserting that the media is accurately reporting Trump's threatening rhetoric.

The overall sentiment towards Bernie Sanders' proposed Thirty-Two Hour Work Week Act is largely negative. A significant majority of responses criticize the potential for increased taxes, along with Sanders' personal wealth and perceived tax avoidance.

One recurring theme in the reactions is concern over potential tax increases. Voters repeatedly express the belief that Sanders' proposal would lead to higher taxes, with some suggesting that this would be a direct result of businesses being expected to pay their workers more while also reducing their prices.

Another consistent theme is criticism of Sanders' personal wealth. Many express frustrations with Sanders, himself a millionaire like many in the political class, advocating for policies that they believe would place a heavier tax burden on the average citizen. There is repeated mention of Sanders' lake house in New Hampshire and the perception that he does not pay taxes to support education in the state.

Many people also consider Sanders' proposal impractical. They fear reducing the work week to 32 hours would result in lower productivity and necessitate overtime work, which would be taxed at a higher rate. Some argue that businesses would not be able to survive and pay their bills working only 32 hours per week.

Talking About - Bernie Sanders

Sentiment - Bernie Sanders

Critics also argue that Sanders has not done enough to help the working class during his time in Congress. They express skepticism about the effectiveness of the alleged goal of the legislation.

There are several references to the effects of illegal immigration on the job market. Some see the influx of illegal immigrants as a threat to American workers, particularly in industries like meatpacking. They argue that Sanders' proposal does not address this issue.

The narrative also reflects a broader discussion about the state of the working class in America. There is a sense of frustration about perceived inequality, exploitation, and wasted tax dollars. There are calls for greater unionization and demands for respect for blue collar workers.

In general, the reception of Sander’s proposal is negative. However, it also generated an underlying debate about wider issues like immigration and the distribution of wealth. This suggests that reactions are influenced by broader socio-economic factors.

Americans seem doubtful that February’s CPI report claiming 3.2% inflation accurately captures the rising costs they face day-to-day. Many voters say the real cost of living is much higher than what the CPI suggests. They cite increasing prices in housing, healthcare, food, and education, which they feel aren't accurately reflected in the index.

Pain Points for Everyday Citizens

Despite Democrats historically being vocal against the wealthy class gaining unfair advantages, this sentiment is now growing among all Americans. More voters identify the political class as among the “wealthy” and see elites as the primary beneficiaries of the current tax system.

• Republicans tend to be very negative on the current state of the economy, pointing to life during the Trump era as more affordable.
• Sentiment towards Trump on inflation is slightly higher than sentiment towards Biden among all voters.
• Trump averaged 47% support on inflation over the last week compared to Biden’s average of 44%.

• In swing states, Trump also maintained a 47% average approval on inflation to Biden’s 44% and an overall sentiment of 43%.

While most voters admit that costs have increased across the board, there are particular areas they say they’re feeling economic pain.

The cost of housing is a common complaint for all Americans – gaining bipartisan discontent. People would like to return to pre-COVID housing affordability. They point to the idea that there should be a 41% drop in home prices and a 69% increase in incomes to reach previous affordability levels.

Food prices are another subject of concern. Many online are skeptical of Biden administration promises to lower them. For both food and housing, there seems to be a common perception that times were “better” or “easier” during the Trump administration.

• U.S. Bureau of Labor Statistics data shows that inflation has risen significantly in the last four years, still not coming down to the target rate of 2%.
• The cost of cars, housing, and food are also shockingly high in the last several years.

What Americans Say is Causing Inflation

A common sentiment among left-leaning voters is that corporations and the wealthy are not paying their fair share of taxes. The Biden administration has recently been claiming that “shrinkflation” unfairly perpetrated by corporations is to blame for American dollars barely putting food on the table. Many Democrat voters seems to sympathize with this explanation – although most are still extremely unhappy with the reality of rising costs.

Biden supporters tend to argue that tax burdens are shifted onto the middle and lower classes, thereby increasing their cost of living. Some are also vocal in the belief that immigrants contribute significantly to the economy through taxes, contradicting the stereotype that they're a drain on resources.

Right-leaning voters frequently criticize the government for excessive spending. They argue spending is a bigger cause of higher taxes and increased cost of living for citizens. They believe taxes should be cut and government spending should be severely curbed.

Unlike some vocal progressive voters, most Republicans and some moderates believe that illegal immigrants are an unacceptable cost to the U.S. economy and the average taxpayer. They point to housing, food, and other services provided to illegal immigrants as unwanted and unauthorized by voters.

Taxes and inflation are among the top issues Democrats and Republicans discuss as important. Sentiment on the economy is slightly higher among democrats, but they discuss it more, with Republicans placing more emphasis on border security.

Regardless of political affiliation, voters seem to agree the cost of living has noticeably risen and many struggle to make ends meet. There’s a general sentiment often attributing financial difficulties to low wages and high taxes.

Americans Blame the Government for These Difficult Times

Many voters reiterate their belief that spending money on people who don't generate income or pay taxes – like illegal immigrants – is not a feasible solution to American economic pain. They argue for a system where people who make money and employ others keep more of their earnings, allowing them to invest, hire, and thereby stimulate the economy. These voters blame rampant spending on the government, resisting calls for higher tax revenue to ease economic burdens.

There is a recurring belief that the government's actions, such as printing money, are contributing to the devaluation of the currency, which in turn leads to inflation. Many voters also attribute high inflation to President Biden's policies and actions.

Societal decline in America seems to be a growing sentiment among many demographics, albeit distinct in the reasoning. These discussions are often heated and divisive, reflecting the polarized state of American politics. Fracturing of political leadership, societal norms, economic stability, and the justice system all contribute to a perception that society is decaying.

While many agree that America may be declining, Republicans, Democrats, and Independents, as well as other demographic groups such as race, age, and economic class, attribute different causes.

Political Viewpoints

Republicans are generally more concerned about societal decline, often attributing it to what they perceive as a breakdown in traditional values and an erosion of law and order. They tend to view societal problems such as crime, drug abuse, and family breakdown as symptoms of moral decay. Some Republicans also blame societal decline on liberal policies like welfare programs and lenient immigration laws, which they believe incentivize dependency and discourage individual responsibility.

Democrats often argue that societal decline is due to systemic problems such as inequality, discrimination, and a lack of access to quality education and healthcare. They tend to focus on societal structures and institutions, arguing that changes in these areas can help alleviate societal decline. Some Democrats also point to the influence of big corporations and the wealthy, arguing that they have too much power and that this contributes to societal decline. There are mixed views about President Joe Biden's impact on these systemic problems. Some Democrats believe he has initiated improvements, while others feel he has not done enough.

Independents express frustration with the polarized state of politics and the inability of politicians to work together to solve societal problems. They often call for pragmatic solutions and a focus on common ground. Their views on societal decline are often shaped by specific issues of personal importance, such as the economy, social justice, or immigration.

Cultural and Economic Influences

Economic class is a crucial factor. Those in lower economic classes often attribute societal decline to economic inequality and lack of opportunity. Lower-income individuals express frustration towards the wealthy and corporations, believing they do not pay their fair share of taxes.

Middle-class individuals also express concerns about how their taxes are being used, with some feeling they are shouldering an unfair burden. Meanwhile, those in higher economic classes tend to be more optimistic about the state of society, although they also express concern about societal problems such as crime and drug abuse. Some higher-income individuals express dissatisfaction, often aimed at perceived government misuse of their taxes.

• Older individuals express concern about retirement funds and social security
• Younger individuals are more likely to discuss student loans and job prospects
• People of all races discuss instances of perceived unfairness in taxation and societal structure

When considering race, people of color are more likely to attribute societal decline to systemic racism and discrimination. Meanwhile, white Americans, particularly those in lower economic classes, often attribute societal decline to economic insecurity and cultural displacement.

Age also plays a role in these discussions. Older Americans, who have witnessed significant societal changes over their lifetimes, are often more concerned about societal decline. Younger Americans tend to be more optimistic about the future of society, although they often express frustration with current societal problems.

Recent trouble for certain regional banks has caused some Americans to express their concerns about how banking and interest rates are impacting the economy. A year ago Silicon Valley Banks collapsed, generating fears of another 2008-style financial crisis. This is mentioned today, along with huge losses for New York Community Bank as fearful discussions resume.

The general sentiment towards banks, especially those involved in political and economic decision making, appears to be driven by skepticism and concern.

The Fed and Potential Dollar Collapse

Some Americans express concern over increasing inflation, national debt, and the role that banks and politicians may play in exacerbating the situation. There are also mentions of alleged corruption involving politicians and their bank accounts.

There is also scattered talk about the Federal Reserve, with some Americans expressing doubts about its policies and actions in managing the economy. There are specific concerns about the potential for a U.S. dollar collapse and the role that the Federal Reserve may play in this. Some voters believe that the Federal Reserve and other banks are working together against the interests of small investors.

People concerned with the American financial system often mention Jerome Powell, the chair of the Federal Reserve. Some praise his caution in monetary policy and his approach to interest rates. However, there is also significant criticism, accusing the Federal Reserve of being a private banking system that lies and works against the interest of the average person.

• Banking sentiment online hit a 30-day low of 46% on February 11.
• The 30-day high was 49% on February 26, with relatively high discussion just over 1,000.

Fear About Potential Bank Failures

There is also general concern about the stability of the world financial system. People speculate about the potential for more bank failures and the possibility of the dollar losing its status as world reserve currency. They mention the national debt and the potential for a dollar collapse, pointing to warnings from large institutions like Bank of America.

There's also discussion about inflationary challenges and disagreements about the best monetary policies to maintain stability. People appear to be aware of the complex global economic dynamics at play.

Discussion about potential bank failures often arises alongside concerns about the level of risk-taking by banks, the adequacy of their capital buffers, and the effectiveness of regulatory oversight.

Basel III

Online discussion also touches on banks' opposition to the higher capital requirements proposed in Basel III. Users claim that banks have spent a lot of money lobbying against these regulations.

There is a common thread in the conversation suggesting banks are using their financial power to manipulate politics and the market. Some mention Basel III to make the point that banks have spent a significant amount of money to bribe politicians in their favor regarding legislation. There seems to be a significant level of distrust and skepticism towards the banking sector and its role in shaping regulatory requirements.

Bitcoin Speculation with Increased Financial Skepticism

Many people also discuss the issue of "too big to fail" banks and record-low sentiment following the 2008 GFC. They discuss the moral hazards created by government bailouts for banks. More recently, the discussion has also focused on the potential effects of digital currencies like Bitcoin and fintech companies on the traditional banking system.

Amid Bitcoin hitting new all-time highs, some speculate that digital currencies are a solution that threatens traditional banks. Some also argue about the role of banks and financial institutions in the cryptocurrency market. They compare Bitcoin with traditional banking systems, stating that the latter is corrupt and benefits only large institutions.

There seems to be distrust in the current financial system and the Federal Reserve. These voters suggest the adoption of a CBDC might face resistance from those in the public aware of its implications. Some mention that corruption and money laundering within the banking sector could be mitigated by the transparency and traceability of digital currencies.

It’s not obvious whether political affiliation influences voter opinions about the U.S. banking and financial system. These discussions tend to be skeptical of both government and large corporations, which may be appealing to both right- and left-leaning voters.

While the segment of American voters involved in talk about banks and digital currencies is not overwhelmingly large, most Americans feel the squeeze of rising costs and the discussion is likely indicative of an underlying concern among those who are following current and potential conditions.

The public response to President Joe Biden's State of the Union address appears to be polarized, as expected, reflecting the nation's political divide. His supporters see the speech as a passionate defense of his policies and a strong criticism of his predecessor, Donald Trump.

They perceive Biden's tone as fiery, strong, and presidential, and view the address as a successful articulation of his vision for a second term. Several supporters refer to it as one of the best State of the Union addresses they have seen, expressing feelings of pride and admiration for the president.

Democrats largely praised President Biden's State of the Union address. Key conversations among Democrats centered on Biden's forceful stance against former President Donald Trump, his focus on reproductive rights, freedom, and democracy, and his proposed policies for a second term. Many vocalized their perception of Biden's energy and vigor throughout the speech.

On the other hand, critics of the president see his address as overly partisan and politically motivated. Some described it as the most "nakedly political" State of the Union in history. They accuse Biden of focusing more on attacking Trump and dividing the nation than providing a constructive vision for the future. Some critics also accuse him of neglecting the border crisis and other key issues, and some call for his impeachment.

Republicans called the speech overly political and lacking in concrete solutions. They highlighted Issues such as the border crisis and perceived failures in addressing crime, inflation, and the cost of living. Some Republicans also questioned Biden's competence and insinuated that his speech was not his own, implying that he was being controlled by others.

Independents had mixed reactions. Some echoed the Democrat praises, lauding Biden's energy and his focus on democracy and individual rights. Others, however, aligned with the Republican criticisms, particularly regarding the border crisis and the perceived lack of real solutions.

Talking About - Joe Biden

Concerns Among Various Voter Groups

In terms of demographics, it appears that younger audiences were more concerned about a potential TikTok ban, with many arguing that it would limit their freedom of expression. Older audiences were more likely to focus on issues such as the “Stop WOKE Act” and perceived shifts in the political landscape. Overall, sentiment towards President Biden following the State of the Union address varied significantly based on political affiliation. Democrats generally expressed support for the President, although there were some criticisms of his handling of certain issues. Republicans were largely critical of the President and his policies, while Independents expressed a range of views.

Democrats

• Concerns about the expansion of the so-called “Stop WOKE Act” in Florida, with some criticizing it as a violation of First Amendment freedoms and a step towards censorship.
• Discussions about the potential TikTok ban, with some expressing concerns about freedom of speech and potential government overreach.
• Accusations that Republicans have moved away from their historical stance on social justice, with some referencing comments made by Republican Mark Robinson on women's suffrage.
• Criticism of conservatives for insisting biological sex exists, with some arguing that it infringes upon people’s preferred gender identity.

Republicans

• Strong support for the “Stop WOKE Act” in Florida, viewing it as a necessary step against perceived woke culture.
• Concerns about the potential TikTok ban, with some framing it as an issue of national security due to the app's connections with the Chinese Communist Party.
• Criticisms of President Biden's State of the Union address, with some arguing it lacked substance and did not adequately address key issues.
• Discussions around the evolving political landscape, with some arguing that Republicans have become the anti-establishment party.
• Accusations that Democrats are attempting to silence conservative voices, with some alleging that Democrats are pushing for censorship and restrictions on freedom of speech.

Independents

• Concerns about the potential TikTok ban, with some arguing that it infringes upon freedom of speech and sets a dangerous precedent.
• Discussions around the evolving political landscape, with some suggesting that both parties have strayed from their historical stances.
• Criticisms of perceived woke culture, with some arguing that it is detrimental to societal cohesion and unity.
• Debates about gender identity, with some suggesting that it is an individual's right to identify as they choose.
• Discussions about the need for more intellectual debate in politics, with some expressing frustration at the current level of discourse.

Economic Issues

Biden's address seemed to increase positive sentiment among Democrats regarding his tax proposals and focus on social issues. However, this issue decreased sentiment amongst Republicans and some Independents, who disagreed with his views on taxes, government spending, and foreign aid.

The top five economic issues that generated discussion were:

Taxes

• Republicans disagreed with Biden's claim that corporations and the wealthy need to pay their "fair share" of taxes. Some argued corporations do not pay taxes but pass the cost to consumers through higher prices and lower wages. Others stated that corporations already pay taxes by employing thousands of people who pay taxes.
• Democrats and Independents were split on this issue, with some supporting Biden's proposals and others expressing skepticism.

Government spending

• Many Republicans and some Independents criticized the government for overspending, with some calling for a reduction in the number of government employees.

• Democrats generally showed more support for government investment, although some expressed concerns about fiscal responsibility.

Social issues

• Democrats and Independents spoke about the need for better support for people with disabilities and lower-income individuals.
• Republicans, however, were more likely to attribute these issues to individual responsibility rather than government intervention.

Foreign aid

• Some Republicans and Independents criticized Biden for sending money to foreign countries. They argued that tax money should be spent on American people first.

Fact-checking

• There were conversations about the accuracy of Biden's statements, with some Republicans accusing him of lying about tax issues.

Border Security

One of the most dominant topics was immigration policy, specifically the Laken Riley Act. Economically, lower-income individuals expressed concerns about the potential impact of increased immigration on job security and wages. Meanwhile, higher-income individuals were more likely to focus on the moral and ethical implications of immigration policy.

Democrats focused on the perceived lack of compassion in the Laken Riley Act. Many questioned the morality of detaining and deporting immigrants without consideration for their circumstances.

Republicans primarily focused on the Laken Riley Act and its impact on national security. They pointed to the case of Laken Riley, a victim of a crime committed by an undocumented immigrant, as a reason to support stricter immigration policies. They criticized Democrats for their opposition to the bill.

Independents also discussed the Laken Riley Act. Like Republicans, many Independents expressed support for stricter immigration controls to protect American citizens. However, they also expressed concern over the potential for human rights abuses under such policies.

A recent viral story about a retiring couple who are buried in a legal dispute with a squatter who took possession of their recently purchased dream retirement home in New York has sparked discussion about housing policies in blue cities. Many people are shocked and horrified at the extent of squatter's rights in New York and other Democrat-run cities.

On social media, New Yorkers express their concerns about squatters in their city, arguing they exploit loopholes in housing laws and exacerbate housing shortages. Many find it unfair and unsustainable that hardworking, taxpaying citizens must shoulder the burden of supporting individuals who, they argue, are not contributing to society in a meaningful way.

Many people have moved away or are threatening to move away from blue cities, citing frustration with policies that cater to squatters and illegal immigrants at the expense of law-abiding citizens.

Most Americans agree that there is a shortage of affordable housing across the country. But they tend to disagree on the causes and solutions.

In large, urban cities, where Democrats are often in power, there is a strong emphasis on tenants’ rights and protecting vulnerable populations. These places often have robust tenants' rights laws and policies aimed at preventing homelessness. However, these policies often face criticism from property owners who argue they unfairly infringe upon their rights and prohibit business, investments, and even the ability to occupy one’s own home.

Homeowners Frustrated with Squatter’s Rights

Many people – especially homeowners and landlords – see squatters as taking advantage of the system and property owners. They argue that property rights should be respected and that it's unfair for property owners to bear the burden of housing people without compensation. They often call for stricter laws and enforcement to protect the rights of property owners.

Those who can afford to own real estate express concerns about rent control policies, eviction moratoriums, and other tenant protections they see as too strict or lenient, leading to preferential treatment in favor of tenants.

Many property owners in places like New York argue that tenant-focused policies infringe the rights of landlords and homeowners. They believe they should have the right to control their own properties, including setting their own rental prices and choosing their own tenants.

Economic conservatives and property owners express frustration with overbearing regulations that make owning or renting property in blue cities nearly impossible.

Property Owners Vote with Their Feet

In many blue states and cities, there is a sentiment that tenant rights need to be protected. Mostly Democrats, voters and policymakers say landlords and homeowners should bear certain responsibilities. This includes maintaining safe and habitable living conditions, not discriminating against tenants, and not exploiting tenants with excessively high rents.

However, despite voting for politicians who enact tenant-focused policies, homeowners and landlords have been leaving blue cities in droves. Since COVID, many people have commented on the number of people moving from states like California and New York to places like Texas and Florida.

Many of the top reasons people say they left blue cities are economic. They mention high cost of living, food, real estate, and healthcare as reasons for leaving. A lot of inter-state migrants say they moved to avoid high taxes, progressive policies, or high crime rates.

Squatter and Tenant Defenders

There are advocates who argue tenant protections are necessary to prevent exploitation and displacement, particularly in cities with high living costs. They often point to instances of landlords using loopholes and aggressive tactics to evict long-term tenants and raise rents.

Some express concerns that affordable housing and systemic issues are one of the main issues facing middle- and lower-class Americans. They argue that squatters are often people who have fallen through the cracks of the system and are forced to resort to occupying vacant properties just to survive. They see the issue as a symptom of larger social and economic problems that need to be addressed.

Fewer Americans Can Afford to Own Real Estate

While the debate over housing policies in blue cities is often driven by partisan divides, Americans do seem to agree that housing is becoming too expensive across the country. Most people feel it’s prohibitively expensive for Americans to afford to own real estate. More are beginning to feel that, even if they could afford to own property, it may not be worth it.

For some, particularly younger generations, the importance of homeownership is decreasing. The flexibility of renting, coupled with an increasing emphasis on experiences over possessions, is challenging traditional notions of homeownership as a benchmark of success. However, this shift is not universal, and many Americans still aspire to own their own homes.

• Voters consistently say the economy, including the difficulties of housing, is one of their top issues of concern.
• Discussion about the economy is consistently high online, implying it remains on people’s minds.

The American perception of the economy, and Biden's handling of the economy, is a multifaceted issue. It’s shaped by various demographic, political, and personal factors. To fully understand this issue, we must consider the experiences of various voting groups.
Many Americans are feeling economic pain, particularly those in lower income brackets and the gig economy. Rising cost of living, low wages, and tax burdens are common grievances. Some feel they are overtaxed, while others are frustrated by what they see as a lack of value for the taxes they pay.

For instance, some gig workers on platforms like Onlyfans feel exploited. They say they must give a significant portion of their earnings to the platform in addition to paying taxes on their total earnings. Many who lost their jobs during COVID and other economic disruptions are financially stressed, concerned about rising cost of living, lack of affordable healthcare, and job insecurity.

Among racial and ethnic minorities, particularly Black and Hispanic Americans, there is increased economic anxiety and dissatisfaction. Lower-income individuals and those without a college degree also tend to view the economy more negatively.

The issue of immigration is a contentious one. Some citizens feel that their tax dollars are being unfairly allocated to support immigrants, rather than American citizens. This feeling is not confined to any one political group and is expressed by Republicans, Democrats, and Independents alike, suggesting a widespread concern about resource allocation.

Other Economic Factors Making Americans Feel Squeezed

The high cost of housing and the perceived exploitation by landlords is another issue causing economic distress. Some people argue that property taxes are too low, leading to landlords profiting excessively at the expense of renters.

Furthermore, there are concerns about the treatment of elderly citizens. Some feel this group’s financial needs aren't being met. This sentiment is often coupled with a feeling of being undervalued after a lifetime of contributing to society through taxes.

Trust in Joe Biden's administration to handle the economy varies dramatically along party lines. Many Democrats still support Biden, but there is also frustration and disappointment among some Democrats about perceived unfulfilled promises. Republicans, on the other hand, largely express dissatisfaction with Biden's economic policies. Independents' views are mixed, with some expressing frustration with the current economic situation and others remaining hopeful.