President Biden spent much of last year repeatedly using the term “Bidenomics” to sell Americans on the idea that his policies would benefit the economy.
Young Americans, who are likely to vote in this year’s presidential election, do not support this idea.
New poll from New York Times and Siena College found that an overwhelming majority of likely voters between the ages of 18 and 29 have a negative opinion about today’s economic situation.
Even more surprising, virtually no one rates the economy as great.
Eighty-seven percent of potential voters between the ages of 18 and 29 rate the economy as bad or fair, making them Biden’s worst demographic when it comes to the economy. This is especially troubling for Joe Biden because Democratic presidential candidates typically need a large share of the youth vote to win.
Furthermore, negative views about the economy are skewed toward the bottom. Among young voters, 60% rate the economy as bad, while 26% rate it as fair. (Probably due to rounding, the total does not add up to 87%.)
Only 13% rate the economy as “good.”
What percentage of people say they rate the economy as “excellent”? Zero.
Among older voters, who appear to be voters, views on the economy are only slightly brighter. Among people aged 30 to 44, 76% have negative thoughts, and 50% of them say the environment is bad. Only 4 percent said it was excellent.
Among likely voters between the ages of 45 and 64, 73% have a negative view, with 50% giving the economy the worst rating. Seven percent said the economy was “excellent.”
Older voters are less negative, with 60% saying the situation is bad or fair. 40% said the situation is bad. The situation is said to be an impressive increase to 16%, which may reflect the significant increase in the cost of living in social security, the rise in the stock market and the rise in house prices. Older Americans are more likely than younger Americans to own a home and invest in the stock market.
Similarly, many older Americans may be satisfied that interest rates on fixed income products are much higher than they have been in more than a decade.
