CNN Poll Reveals Majority See Worsening Economy
A recent CNN poll surveyed 1,279 adults and found that 51% believe the U.S. economy is in a downturn that is getting worse, despite indicators suggesting stabilization or improvement. Here are the key points:
- 51% of respondents think the U.S. economy is worsening
- Economic concerns, such as inflation and poverty, dominated as the most important issue facing America
- 55% of respondents are dissatisfied with their personal finances
- 39% of Democrats believe the economy is recovering, compared to 26% of independents and 23% of Republicans
- Biden’s approval rating is at 41%, with low approval for his handling of the economy (37%) and inflation (30%)
- Many Americans have made changes to afford necessities, such as altering grocery purchases and cutting entertainment spending
- 68% of respondents feel that Congress has not effectively addressed major issues
- Democrats may face challenges in the 2024 presidential race due to persistent pessimism among voters
- Recent bank failures and a downgrade in the United States’ debt rating contribute to economic concerns
Overall, the poll highlights widespread pessimism about the economy among Americans, with potential implications for future political campaigns. Despite some positive economic indicators, there are ongoing challenges that need to be addressed.
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