Inflation concerns weigh heavily on voters, vary by race: Poll

Inflation is “far and away” the biggest issue for Americans heading into the 2024 election, but economic outlook and President Biden’s approval ratings vary by race and ethnicity. New Harvard CAPS/Harris Poll.

Biden is battling negative perceptions about his handling of the economy as he faces off against former President Trump, who is certain to be the Republican nominee.

According to an online survey of 1,660 registered voters conducted May 15-16, 2024, when asked how strong they thought the economy was today, 42% of respondents said the economy was strong; 58% believe the economy is weak.

Only 34% of respondents said they believed the economy was on the right track, but that answer varied widely depending on whether the respondent was a Republican or a Democrat: 13% and 59%, respectively. Ta.

Biden’s overall approval rating remains at around 44%. But digging deeper into the data, the poll found Biden’s support among Black voters at 66 percent, among Hispanic voters at 53 percent, among white voters at 39 percent, and among Asian voters at 37 percent. It is shown that it is a percentage.

Almost half (48%) of voters surveyed said their personal financial situation has worsened. According to a breakdown of respondents, 52% of Hispanic voters, 50% of white voters and 42% of Asian voters said their personal financial situation is getting worse, compared to 49% of black voters. answered that their economic situation is improving.

Average national polls analyzed by The Hill/Decision Desk show a close race between Trump and Biden with less than six months until the election, but polls of American adults In the survey, Recent ABC News/Ipsos polls He said he trusts Trump more than Biden on inflation, by a margin of 14 percentage points.

Republicans have harshly criticized Biden over inflation, which soared to more than 9% in June 2022 as the economy struggles to recover from the pandemic.

Inflation has since fallen to 3.4% year over year in April, which is still above the Federal Reserve’s annual growth target of 2%, and many Americans are worried about high prices and interest rates. I’m feeling the pinch. It hit its highest level this year as the economy tries to cool down.

Ahead of his State of the Union address in March, Biden announced the formation of a “strike force” to hold companies accountable for price gouging.Recent CNN interviewMr. Biden cited “corporate greed” as a reason for the continued rise in prices.

“If you look at what people have, they have money to spend. Having to spend more makes them angry, and it makes me angry,” Biden said. “He’s 20% cheaper for the same price. That’s corporate greed. That’s corporate greed. And we have to deal with it. And that’s what I’m working on.”

Trump appeared on Truth Social late Friday night and grilled his successor over his comments.

“Incredibly, Crooked Joe appeared on TV last week and declared in an interview that Americans could actually afford that brutal inflation tax. He said his family ‘has money to spend,’ Biden then blamed his economic misery on corporate downsizing, “Snickers bars,” Trump wrote.

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