Money & The Economy

Consumer Confidence Plummets As Biden Approval Rating Slumps

Morning Consult’s U.S. consumer sentiment index in September declined to its lowest point in months as voters voice concerns over President Joe Biden’s handling of the economy.

Consumer confidence is decreasing once again after having risen over the course of 2023 following lows during 2022, according to Morning Consult. Moreover, as Americans remain pessimistic about their finances, they are increasingly souring on the president’s job performance, with 56% of Americans disapproving of Biden in recent Washington Post-ABC News and NBC News polls, up from previous figures.

As energy prices are on the rise and stocks are tumbling, Morning Consult found that consumer confidence had fallen across all income levels. Confidence fell the most among high-income households during September, though middle-income households also reported a nearly 3% decline in confidence.

The Morning Consult asks roughly 6,000 consumers per day questions about their personal finances and their feelings about the economic state of the country to produce its index, according to the pollster’s website. The majority of individuals surveyed by Washington Post-ABC News and NBC News pollsters reported negative feelings toward Biden’s economy, tracking with the lower confidence in the economy and pessimism about household financial conditions reported by the Morning Consult.

The Post and ABC News surveyed 1,006 U.S. adults with an error margin of 3.5% and NBC News questioned 1,000 registered voters with an error margin of 3.1%.

Food prices were seen as a negative by 91% of respondents in the Post-ABC News poll and 72% of those surveyed by NBC News were either “very dissatisfied” or “somewhat dissatisfied.” Biden’s disapproval rating in both polls was 56%.

Trump and Biden are locked in a tight race for the presidency. RealClear Politics’ average of polls has Trump beating Biden by just over a point as of writing, though some polls show Biden defeating Trump.

Historically, the economy has been one of the top issues for voters, according to Gallup.

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  1. Yep but you just know that the democratic community activists will be out in every low income urban area trading $50 Target gift cards for signatures on pre-filled out mail in ballots, and Biden or whoever it is they put up will win again by 5,000,000 + votes. Only way to stop this is to end mail in voting nation wide.

  2. None of this matters because fair and free elections are a thing of the past. Biden and the Dems will declare a Covid or climate emergency before the election. This will give them the opportunity to shut the country down again. Since we will be under a charade emergency, broad use of mail in ballots and drop off boxes will be the norm. All ripe with fraud. Additionally, Dems supporters run many of the polling stations in the big cities in battle ground states. Game over.

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