President Joe Biden and his administration have tried to paint the U.S. economy’s macroeconomic performance—a rising stock market, corporate profits, and other indicators—as a “Bidenomics” success, but the reality for the vast majority of Americans is that “Bidenflation” has made their personal lives much more difficult.

Gallup announced on Thursday that a record-high 41 percent of people surveyed cited inflation as their top kitchen-table concern.

All three yearly records happened under the Biden administration, which is planning to raise taxes soon, including a possible $14,000 increase on middle-income households, according to Americans for Tax Reform.

“For the third year in a row, the percentage of Americans naming inflation or the high cost of living as the most important financial problem facing their family has reached a new high. The 41% naming the issue this year is up slightly from 35% a year ago and 32% in 2022. Before 2022, the highest percentage mentioning inflation was 18% in 2008,” Gallup said.

Biden and his team have been trying to convince the nation that the economy is healthy by citing stock prices, low unemployment, and higher wages.

However, the U.S. economy’s macro successes are not translating into personal finance gains for most American workers. Prices remain high and are expected to stay elevated, leading to delays in retirement plans, challenges in affording homes and cars, and the return of gas prices inching closer to $4 a gallon, the Washington Examiner reported.

Moreover, the flip-flopping by the Federal Reserve on cutting interest rates, coupled with earlier erroneous statements from Biden’s treasury secretary claiming inflation would be a short-term concern, has led to growing distrust of government efforts and proclamations among the public, the outlet noted further.

“The U.S. inflation rate has declined significantly since its peak in 2022, but that has done little to alter Americans’ perceptions of their finances. This could reflect the cumulative effect of higher prices for the past few years and the fact that inflation has remained above the lower rates in the U.S. between 2012 and 2020,” Gallup said.

“Inflation continues to be an issue for Americans and is likely why less than half are positive about their financial situation. In addition to being named the most important financial problem facing their family, inflation also ranks as one of the domestic problems Americans worry most about,” Gallup added.

Little wonder since many families feel the economy is actually worse than after the last Great Recession, Gallup noted. “Americans’ ratings of their personal financial situation were worse than now between 2009 and 2012, as the U.S. was coming out of the Great Recession and unemployment was high. During those years, an average of 42% of Americans rated their personal finances positively,” the pollster said.