Americans give the economy poor marks, say under Biden-Harris it has been very bad
Economic Indicators Paint a Mixed Picture
By various metrics, the U.S. economy appears to be on solid ground. GDP growth is strong, and unemployment rates are low. Notably, inflation has decreased to a three-year low of 2.4% as of September. Despite the Federal Reserve raising interest rates to a 23-year high to combat inflation, the economy has managed to avoid a recession. Experts like Mark Zandi, chief economist at Moody's Analytics, believe the economy is performing exceptionally well, rating it an «A+.» However, the gap between expert opinions and public sentiment is significant.
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Disparities in Economic Sentiment
Only 10% of Americans consider the economy «very good,» while about 52% feel they are financially worse off than four years ago. This disparity may stem from elevated prices for everyday necessities, which continue to strain household budgets. Factors such as rising grocery costs, rent, and healthcare contribute to a sense of economic precariousness. Economic assessments are often shaped more by personal experiences than by statistics like GDP or unemployment rates.
Political and Educational Divides
Political affiliation plays a significant role in how individuals assess the economy. Republicans tend to rate the economy poorly, with nearly 90% of conservatives describing it as bad. In contrast, Democrats view the economic situation more favorably. There is also a
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