"That's great news for Americans' retirement accounts and another sign of confidence in the United States economy," Biden wrote.

Biden's social media message comes days after his campaign advisers expressed concern to US media about the impact of inflation on the president's popularity.

In response to his message, thousands of Americans expressed their discontent with the financial difficulties they continue to face due to high inflation.

Despite economic indicators showing significant improvement in the US economy, voters' perception is far from reflecting that optimism, and a poll by the Financial Times revealed that 80% of voters say high prices are the top economic challenge facing their family.

Other polls show that Biden has been losing popularity in states considered crucial to the outcome of the 5 November presidential election – the so-called 'swing states', particularly in Nevada, Georgia and Pennsylvania – where Republican opponent Donald Trump could secure the votes needed to return to the White House.

"Biden's problem is that, although the economy is showing strong signs of recovery, people are not feeling it in their pockets. On the contrary, high inflation leads them to perceive exactly the opposite, especially among families with a more fragile economic condition," said Lisa Branson, a political science researcher at the University of Texas at Austin, in a statement to Lusa.

For this expert, high inflation is particularly affecting lower-income voters, who are the ones that polls say are being most persuaded by Trump's proposals.

Data from the US Federal Reserve shows that the consumer price index continues to rise, which has led the US central bank to slow down the pace of interest rate cuts, in an attempt to accelerate reaching the 2% target.

"This Federal Reserve move is particularly damaging to the poorest, because they are the ones who resort most to credit card debt. And that is distancing them from Biden," explained Branson, referring to the president's attempts to correct the trajectory of his policy.

"In recent days, Biden has presented economic proposals similar to those that Trump has been defending, namely in applying tariffs on imports of products from China, especially to please those who want more protectionism in the United States market," said Branson, regarding measures that the White House presented this week.

The Financial Times poll indicated that a majority of voters believe that Biden's economic strategy has been damaging the economy, and more than 60% (even among Democrats) advocate a significant change in the government's financial policy direction.

The polls also indicate that a majority of voters believe that Trump has more room to introduce the changes to the system that many want, especially when they hear the Republican candidate guarantee that, if he returns to the White House, he will not allow the Federal Reserve to decide on measures that harm economically weaker families.

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