Joe Biden A damning poll claims 33 percent of Americans think the economy is in ‘bad shape’ – 79 percent blame their administration’s policies for inflation
NS Fox News The survey found that 38 percent of those questioned whether the economy was in ‘just fair’ shape, with only 29 percent of respondents categorizing it as ‘good’ or ‘excellent’.
Inflation — the increase in the cost of living — is a growing concern among Americans. 86 percent of those surveyed said they are afraid of it increasing.
The direct impact of inflation was also highlighted in the survey. Seventy percent said rising grocery prices had caused them financial hardship, with 67 percent saying the same as gas prices.
Any hopes of the Biden administration being given a pass because of COVID were also dashed by the survey.
COVID was blamed as a key driver of inflation – 86 per cent of those surveyed said it led to price increases, along with a massive increase in the money supply due to the COVID stimulus relief, as well as goods and services in several sectors. The demand for services has increased. reopen.
But the Biden administration was also blamed as a driver of inflation by 79 percent, prompting fears that the president’s lavish spending to try and kickstart the economy could actually make everyday life difficult for many Americans. making.
More voters look at their economic condition in a positive way as compared to the current economic environment of the country.
Most Voters Are Worried About Inflation, According to a Fox News Poll
Voters blame price hikes on the pandemic more than the policies of the Biden administration or the general ups and downs of the country’s financial climate
American households have said rising grocery, gas and housing costs have heightened their concerns more than anything else.
More than half of American households rate their finances positively and are far less dependent on federal government help than in 2020, according to the latest Fox News poll released Wednesday.
Nearly half, 47 percent, favor no financial intervention from the federal government, up from 36 percent a year ago. On the other hand, 44 percent of voters want some form of federal financial aid. This is significantly up from the 57 percent who felt that way last August.
The change comes almost entirely from Republicans. A year ago, they were more likely to ask the government to ‘leave me alone’ and not ‘lend a hand’ by a marginal margin of three points (48-45 per cent).
Now, Republicans stand firmly in the back-off camp of 56 points (75-19 percent). Some 69 percent of Democrats will seek financial help from the government, which is two percent less than in August 2020 (71 percent).
More Democrats want some sort of financial aid from the government than Republicans, who want Americans to be more self-sufficient, than seek aid from the current administration.
Still, more voters would like the government to help them with their finances. The total number of people who are financially independent from any federal aid is less than 55 percent of those who felt like it before the pandemic (February 2019), down from the high of 59 percent set in August 2014.
Nearly three-quarters of those earning less than $50,000 say both grocery and gas prices are rising—and more than half at the $100,000 or more income level say the same is true for them.
“The extent to which low-income households are feeling pressure on food and fuel is not surprising, and highlights the risk that inflation could push families over the financial edge,” says Democratic pollster Chris Anderson. Fox News poll with Republican counterpart Daron Shaw.
When asked about his personal finances, 53 percent of voters rated him in a positive light (excellent or good), including roughly equal numbers of Democrats (57 percent) and Republicans (52 percent).
However, it’s a different story when it comes to the state of the national economy, where partisanship comes into play: nearly three times as many Democrats (43 percent) give the economy a positive rating as Republicans (15 percent).
Overall, 29 percent, including Republicans and Democrats, say the economy is in excellent or good shape. This is unchanged from 29 percent in April, but down from 38 percent last September.
President Biden, pictured August 11, is being blamed for helping drive up inflation
Majority of the voters (86 per cent) are concerned about inflation given several reasons for the rise in prices. Eighty-six percent think the pandemic is to blame for the price rise, while 79 percent blame the government’s economic policies, and 72 percent point to the economy’s regular ups and downs.
An almost equal number of Democrats (89 percent) and Republicans (84 percent) attribute the pandemic to rising prices, while by a wide 29-point margin, there are far more Republicans (93 percent) than Democrats (64 percent). Those who blame the policies of federal governments.
President Joe Biden’s approval to handle the economy has dropped by 4 points since June and is now divided (47-49 percent). Their acceptance on immigration (35-57 percent) is also down 6 points and down 10 points on what is still their best issue – coronavirus (54-42 percent).
Even with that erosion on specific issues, acceptance of Biden’s latest job approval rating remains above 50 percent.
Number 46 has the approval of more than 9 in 10 Democrats (93 percent), more than half of independents (52 percent), and 1 in 7 Republicans (14 percent).
For comparison, during the first months of former President Trump’s term in office, he garnered 84 percent approval among his GOP party loyalists, 41 percent among independents, and 8 percent among Democrats.
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