Sixty-two percent of Americans believe President Joe Biden’s economy is failing, according to a Civiqs poll released Monday.
Only 17% of respondents believe Biden’s economy is improving. Seventeen percent believe it will remain the same.
Seventy percent feel Biden’s economy is in bad or fair shape. Only 25% think it’s very good or quite decent.
The Civiqs poll received an average of 772,597 responses between January 15, 2015 and October 9, 2022. The Civiqs tracking model captures changes in attitudes of various groups over time across all 50 states and Washington, DC, and these changes can occur quickly or gradually.
According to a recent Ipsos poll, 43 percent of Americans believe inflation will continue to rise if the Democratic Party remains in power after the midterm elections. Only 24 percent of Republicans agree.
Voters are most concerned about inflation. Rising prices have had a significant impact on the wallets of the American people. According to a Bank of America-sponsored survey released in September, 71% of employees are poorer due to Biden’s inflation, up from 58% in February.
According to a Heritage Foundation research, Americans have lost $4,200 in annual income since Biden took office. Some experts say inflation will cost American families $5,520 in 2022.
The economy harms the chances of the president’s party keeping the Senate. Biden’s average approval rating in seven of the major Senate swing states is down by 15 points, a critical midterm election indicator that will impact November 8.
Because of the economy’s downward trend, the overall momentum appears to favor Republicans retaking the Senate. Democrats must either retake North Carolina, Ohio, Florida, Wisconsin, and Pennsylvania or prevent Republicans from capturing any of the five Democratic seats currently held by Republicans: Georgia, New Hampshire, Nevada, Arizona, or Washington State.
As per recent polls, Republicans are tied or ahead in Nevada, Wisconsin, North Carolina, Ohio, Florida, and Georgia. Democrats look to have a modest lead in New Hampshire, Arizona, and Pennsylvania, but Republicans could overtake them in the coming weeks.