Several surveys reveal that Americans are finding it difficult to keep up with growing costs and are saving less money for emergencies or long-term financial objectives as a result of inflation reaching a 40-year high in June.
Amazon CEO Jeff Bezos said inflation harms the poorest Americans the most, and he chastised President Joe Biden for his statements on inflation for the second time in a week.
President Joe Biden tries to put the blame on inflation on other people including Vladimir Putin and the GOP, but experts claim POTUS only shows that the administration appears incapable of addressing the issue.