October 16, 2012

Voters Identified Rising Prices As Their Primary Concern

Journalists, politicians and economists all seem to agree that the biggest economic issue currently worrying voters is unemployment. It follows then that most believe that the deciding factor in the presidential race will be the ability of each candidate to convince the public that his policies will create jobs. It seems that everyone got this memo…except the voters.

According to the results of a Fox News poll released last week (a random telephone sample of more than 1,200 registered voters) 41 percent identified “inflation” as “the biggest economic problem they faced.” This is nearly double the 24 percent that named “unemployment” as their chief concern. For further comparison, 19 percent identified “taxes” and 7 percent “the housing market” as their primary concern. A full 44 percent of women, who often do more of the household shopping and would therefore be more sensitive to prices changes, identified rising prices as their primary concern. - in Market Playground

Peter Schiff`s comments on the economy, stock markets, politics and gold. Schiff is the renowned writer of the bestseller Crash Proof: How to Profit from the Coming Economic Collapse.