Data released by the University of Michigan on Friday also shows that the American monthly consumer confidence index has plummeted to a historic low of 44.8, a 10% decline from April and below economists' expectations. High inflation expectations, coupled with oil prices driven up by war, are the top concerns among people. Even without being specifically asked, 57% of respondents said rising prices are eroding their financial situation. This underscores the increasingly serious challenges facing Republicans ahead of the midterm elections. Although Trump promised during his campaign to address cost-of-living issues, he recently stated that he had not considered the economic impact of the Iran war on American citizens—“not at all”.
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Original article: toutiao.com/article/1865952778993673/
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