According to a CBS News/YouGov study conducted over the weekend, the majority of Americans believe that their income in the “struggling” economy is not keeping up with inflation.
In the Biden economy, only 13% of respondents claimed to be “getting ahead” financially, while 52% claimed to be “remaining in the same place.” However, 35% of respondents claimed they are “falling behind.” When asked whether their pay has been keeping up with inflation, the majority of working participants — 70% — responded “no it isn’t,” while 30% said yes it is.
Additionally, 61% of those surveyed said the U.S. economy is “struggling” under Biden’s leadership. Another 56% referred to it as “uncertain,” while 36% called it “unfair.” Overall, 65% of respondents said the U.S. economy is “bad,” and 69% of them said prices have been “going up” recently.
80% and 61%, respectively, of respondents blame President Biden’s policies at least partially for the status of the economy and their personal financial situation.
The survey’s margin of error is +/- 3.2 percent, and it was conducted from July 26 to July 28, 2023.
It is consistent with the July Harvard CAPS / Harris Poll, which revealed that the majority of respondents thought Biden was not steering the nation’s economy in the proper direction.
According to Breitbart News, the survey shows:
Bidenomics has a difficult struggle ahead of it since 56 percent of Republicans in Congress believe they have a better understanding of American economic issues than Biden does, and 57 percent believe he is currently pursuing terrible economic policies.
76 percent of respondents believe inflation has affected their family’s finances, with food being the area most affected (selected by 49% of voters). Inflation is affecting Americans throughout the political spectrum.
Despite the fact that this is untrue, 60% of voters believe the inflation rate is still rising.
A majority of voters in both parties believe that Biden must control inflation in order to restore public trust in his capacity to heal the economy; the second-most popular option is to reduce federal expenditure.
