Your clients don’t think Bidenomics has worked for them

investmentnews.com:

A mere 14% of American voters currently believe that their financial situation has improved since President Joe Biden took office, raising concerns about the potential repercussions for his re-election prospects. A recent poll reveals that approximately 70% of voters perceive the president’s economic policies as either detrimental to the U.S. economy or having no impact at all, with 33% expressing the view that these policies have “hurt the economy significantly.” In contrast, only 26% of respondents believe that Biden’s policies have been beneficial.

The monthly poll, conducted jointly by the Financial Times and the University of Michigan’s Ross School of Business, aims to monitor how economic sentiment influences the upcoming presidential race. Drawing parallels to Ronald Reagan’s famous question in 1980, “Are you better off than you were four years ago?” this poll could shape the narrative for Biden’s reelection bid.

Comparing this sentiment to the situation four years ago, a similar poll conducted for the FT indicated that most Americans did not feel they had improved their financial status under then-President Donald Trump, although their pessimism was less pronounced. In November 2019, only 35% of voters believed they were better off under Trump, while 31% believed they were worse off.

These new poll results underscore the challenge the president faces in persuading voters of the merits of “Bidenomics,” his strategy to revitalize the nation’s industrial sector and address years of middle-class wage stagnation.

Over the summer, Biden and his senior officials embarked on an extensive nationwide tour labeled “Investing in America” to spotlight and explain their policies, with the aim of garnering greater support for