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Economy, inflation remain top voter concerns ahead of midterm elections
Inflation rose in September, PCE price index shows
FOX Business’ Cheryl Casone discusses the breaking PCE price index for September.
Inflation and the economy top the list of concerns for voters ahead of the pivotal midterm elections as Americans increasingly prioritize pocketbook issues, according to a new ABC News/Ipsos poll.
A combined 50% of registered voters identified economic issues as their single most important issues, according to the poll, with 28% citing the economy and 22% pointing to scorching-hot inflation. Among Republicans, the percentage was even higher, with 73% naming one of the two as their top concern. Democrats, however, identified abortion rights as their No. 1 concern (29%) followed by the economy or inflation (28%).
The focus on the economy could ring alarm bells for Democrats, who are widely expected to lose their razor-thin majority in the House and possibly the Senate when voters head to the polls next week.
"The bottom line is voters are feeling the pain, and economists keep debating whether we're in a recession or not, which is sort of misleading," Tomas Philipson, a University of Chicago economist and former White House Council of Economic Advisors chair, told FOX Business on Monday. "What really matters is people's real income – how much they can buy for their paycheck."
THESE BUSINESS TITANS ARE SOUNDING THE ALARM OVER THE US ECONOMY