According to The Associated Press-NORC Center for Public Affairs Research, 47 percent of Americans say they expect the economy to go downhill within the next year, while 30 percent believe it will get better.
- In a AP-NORC poll conducted in February and March, Americans were more optimistic, with 44 percent of people expecting the economy to grow and 32 percent saying they believed it would worsen.
- The cost of goods is rising nationwide, seen especially in gas prices, which have risen steadily throughout the year. In the global supply chain, long operation times and accumulation have made purchasing for the consumer more difficult, with the U.S. Labor Department reporting that consumer prices rose 5.4 percent since last year.
- “A lot of the first years of a presidency is dealing with the predecessor’s policies. I think Biden is having to work through the problems of the previous administration,” Binkley said.
- The AP-NORC poll shows most Americans (58 percent) disapprove of Biden’s handling of the economy, with 41 percent saying they approve.
- Earlier this year, 70 percent of Democrats said they expected the economy to get better. Now, just 51 percent do. And the share of Republicans who think the economy will get even worse has grown to 74 percent from 59 percent earlier in the year.
SOURCE: NEWSWEEK
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