The Gallop company reports that Americans believe they are much worse off under Biden. These results are the worst since the Great Recession in 2019.
Barack Obama and his protege Joe Biden can now brag that they have the worst economies this century. At least that’s what Americans think.
Reflecting on their personal financial situations, 35% of Americans say they are better off now than they were a year ago, while 50% are worse off. Since Gallup first asked this question in 1976, it has been rare for half or more of Americans to say they are worse off. The only other times this occurred was during the Great Recession era in 2008 and 2009.
On the other hand, today’s “better off” percentage is not unusually low, having descended to 35% or lower during other challenging economic times. This includes the late 1970s and early 1980s, the early 1990s, and from 2008 through 2012. In those periods, a higher percentage than today’s 14% volunteered that their finances were “the same” as last year.
It’s no wonder Americans are not happy with the economy. Americans lost over $10 trillion dollars last year in wealth.
BIDEN ECONOMY: Biden Wiped Out $10 Trillion of Americans’ Wealth – 2022 Saw Worst Bond and Equity Losses Since 1871
Inflation is at 40-year highs. It’s horrible. The cost of eggs has skyrocketed.
BIDEN ECONOMY: Inflation Still at 40-Year High, Core Prices Increase on a Monthly Basis in December, Wages Down 21 Months in a Row
Of course, Americans are upset with Biden’s economy.
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