Rising cost of living worries almost 90% of Americans, but Biden says economy working as expected

RT published this video item, entitled “Rising cost of living worries almost 90% of Americans, but Biden says economy working as expected” – below is their description.

A new poll shows 88% of US citizens are worried about a disproportionate increase in their cost of living as US inflation hits a 13-year high, but it seems to be having little impact on Biden’s spending plans.

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The video item below is a piece of English language content from RT (formerly Russia Today). RT is a Russian state-funded broadcaster.

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In This Story: Inflation

In economics, inflation refers to a general progressive increase in prices of goods and services in an economy. When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation corresponds to a reduction in the purchasing power of money.

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