So is Bidenomics working Joe? Only 14% of Americans say Biden’s economic policies have helped them and a huge number of DEMOCRATS say they are in a bad financial state
Nearly half of voters say the Biden administration's economic policies have hurt them and just 14 percent say they are better off, according to yet another poll that suggests President Joe Biden is struggling to get his message across in the run-up to next year's elections.
Even he realizes it, as he quietly adopted the term âBidenomicsâ in speeches over the past month.
Overall, his economic policies receive a 32-point disapproval rating in a new survey Fox newswith many more voters feeling they have been hurt than helped.
While officials have trumpeted a reduction in inflation and a drop in the cost of some goods â such as the price of eggs and gas â this suggests voters see things differently.
And analysts say the data undermines Biden's main reason for running against Donald Trump, which is that he is the best option to defeat the former president.
![So is Bidenomics working Joe? Only 14% of Americans say Biden's economic policies have helped them and a huge number of DEMOCRATS say they are in a bad financial state 1 A new poll shows that the number of people who believe they have been hurt by Joe Biden's economic policies has increased over the past two years.](https://nybreaking.com/wp-content/uploads/2023/12/So-is-Bidenomics-working-Joe-Only-14-of-Americans-say.jpg)
A new poll shows that the number of people who believe they have been hurt by Joe Biden's economic policies has increased over the past two years.
![So is Bidenomics working Joe? Only 14% of Americans say Biden's economic policies have helped them and a huge number of DEMOCRATS say they are in a bad financial state 3 Key economic indicators have improved under President Joe Biden, but voters are still concerned about the state of the economy and where things are heading](https://nybreaking.com/wp-content/uploads/2023/12/1703046173_709_So-is-Bidenomics-working-Joe-Only-14-of-Americans-say.jpg)
Key economic indicators have improved under President Joe Biden, but voters are still concerned about the state of the economy and where things are heading
“While inflation has eased, household budgets have not recovered from the squeeze,” said Democratic pollster Chris Anderson, who conducts Fox News surveys with Republican Daron Shaw.
“Economic indicators suggest that more people will soon experience greater purchasing power, so perhaps the outlook will improve next year, but right now it remains bleak.”
The stock market has soared to record highs. Unemployment is at a record low.
And the Fed has indicated it is willing to cut rates next year after eliminating inflation, which now stands at 3.1 percent.
This should all be good news for Biden and his standing with voters.
But poll after poll shows Americans blame him for rising prices over the past two years.
The poll for Fox News surveyed 1,007 voters nationwide.
It showed that 86 percent of voters are extremely or very concerned about inflation. Breaking it down further, the poll shows that 81 percent are concerned about the price of health care, about 76 percent are concerned about housing costs, and 71 percent are concerned about retirement savings and interest rates.
Nearly six in ten are concerned about the labor market.
Democrats say they feel the tension too. Nearly two-thirds (61 percent) see the economy in a negative light, which is eight points more than when Biden took office.
However, they have a more optimistic view of the direction in which things will develop.
They are more likely, by a margin of seven, to see the economy improve. But overall, things will get worse (44 percent to 22 percent who think things will get better).
A glimmer of hope for Biden is that his overall approval rating rose three points, up from a low of 40 percent last month, thanks to his handling of national security issues.
âBiden's job rating has not changed much since the precipitous decline that accompanied the withdrawal from Afghanistan and skyrocketing inflation in September 2021,â Shaw said.
“And his numbers on key issues like the economy show no sign of recovery.”
The president is taking his Bidenomics message on the road again this week with a trip to Milwaukee, days after his frustration came to light.
![So is Bidenomics working Joe? Only 14% of Americans say Biden's economic policies have helped them and a huge number of DEMOCRATS say they are in a bad financial state 5 December Monmouth University found that 34 percent of Americans approve of Biden's job, compared to 35 percent who approve of Harris. She is traditionally less popular than the president](https://nybreaking.com/wp-content/uploads/2023/12/So-is-Bidenomics-working-Joe-Only-14-of-Americans-say.jpeg)
December Monmouth University found that 34 percent of Americans approve of Biden's job, compared to 35 percent who approve of Harris. She is traditionally less popular than the president
![So is Bidenomics working Joe? Only 14% of Americans say Biden's economic policies have helped them and a huge number of DEMOCRATS say they are in a bad financial state 7 Vice President Kamala Harris](https://nybreaking.com/wp-content/uploads/2023/12/1703046177_53_So-is-Bidenomics-working-Joe-Only-14-of-Americans-say.jpg)
![So is Bidenomics working Joe? Only 14% of Americans say Biden's economic policies have helped them and a huge number of DEMOCRATS say they are in a bad financial state 9 President Joe Biden](https://nybreaking.com/wp-content/uploads/2023/12/1703046178_611_So-is-Bidenomics-working-Joe-Only-14-of-Americans-say.jpg)
Vice President Kamala Harris's approval rating is one point higher than Biden's, despite the president demanding his aides and campaign work on his poll numbers
The Washington Post reports this that Biden gathered a small group of aides for a meeting at the White House residence ahead of his Thanksgiving break.
He demanded to know what White House aides and his campaign team were doing to improve his poll numbers.
The president and first lady Jill Biden have expressed frustration over Biden's low approval ratings for months, but have grown angry in recent weeks because the numbers have not changed.
Another poll this week showed the president's overall approval rating had fallen below that of his deeply unpopular vice president.
President Joe Biden's approval rating has even lagged behind that of his chronically unpopular Vice President Kamala Harris, a new Monmouth poll shows.
In Monmouth's December survey only 34 percent of Americans approved of Biden's performance, compared to 35 percent for Kamala Harris.