Ahead of the Iowa caucuses, Republican candidates tap voters' economic frustrations

Ahead of the Iowa caucuses, Republican presidential candidates are seeking to tap into voters' discontentment with the U.S. economy as Americans hope for relief that eases their money concerns.

CBS News polling shows that a majority of Americans think the economy is in bad shape, despite many strong economic measures, such as low unemployment and a growing U.S. economy. 

But many voters are focused on the impact of inflation, which is rising at a slower pace than a year earlier amid the Federal Reserve's interest rate-hike campaign. Even so, prices remain higher than prior to the pandemic, and millions of Americans say they are struggling to pay their basic household bills.