More than 40% of Americans feel poorer today than in 2020 as a new poll devastates President Biden’s economic claims

ALMOST half of Americans today feel worse off than in 2020, according to a new bombshell survey, in a blow to President Biden’s re-election chances.

In an exclusive survey commissioned by The US Sun, less than a third of Americans say they feel better now than when Biden took office four years ago.

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The poll also revealed that, across generations, American voters feel increasingly alarmed about the economy after four years of Biden’s presidency.

It found that a whopping 42% of Americans feel less financially secure than they did four years ago.

This compares to just 30% who said they felt more financially secure than in 2020.

Only 8% of Gen X respondents (born between 1965 and 1980) said they feel “much more” financially secure.

In contrast, nearly a quarter (24%) of Gen Xers reported feeling “much less” financially secure.

Respondents from the Baby Boomer generation (born between 1946 and 1964) reported similar levels of pessimism about their financial situation following Biden’s first term in the White House.

Just 7% of Boomers reported feeling “much more” financially secure today, while 29% said they felt “much less” financially secure.

And in particularly damning numbers for the sitting president, just 36% of self-identified Democratic voters said they felt more financially secure than they did four years ago.

I don’t have anyone I really want to vote for

Mississippi voter

Only 28% of Republicans reported feeling better than they did before Biden’s election.

The economy frequently emerges as the most important issue for Americans when they head to the polls.

In that spirit, The US Sun took to the streets of New York City to gauge the opinions of everyday Americans heading into the election campaign.

Amid the hustle and bustle of Times Square, many bettors seemed less than enthusiastic about the likely choices they faced in November.

A Mississippi voter said he didn’t want to vote for either Biden or Trump and said he wanted the next president to make cutting taxes his top priority.

“Neither, I don’t have anyone I really want to vote for,” he said.

“We are taxed three or four times before we take anything home.”

While one Georgia voter described himself as a Biden supporter but was not yet inspired by the option.

And another voter from Brooklyn, New York, said he voted for Trump because he wanted to see more “capitalism” in America.

“Look at the U.S. economy right now,” he said.

While Robert Burck, aka Naked Cowboy, a fixture in Times Square, declared that he supported Trump because he wanted to see less regulation in America.

“Sounds like a good idea to me,” he sang while strumming his guitar in just his underwear.

The economy has also often been the focus of past election campaigns.

In 1992, Democratic candidate Bill Clinton’s successful campaign became most associated with the four-word phrase “It’s the economy, stupid.”

It was coined by Clinton strategist James Carville and was one of three messages addressed to campaign workers.

Although it was never an official campaign slogan, the simple expression became one of the most popular catchphrases in American political history.

Clinton came to power over incumbent George HW Bush in 1992, emphasizing the economy following the recession of the early 1990s as one of the crucial factors in victory.

And Clinton was far from the first U.S. presidential candidate to put the economy and Americans’ wallets front and center in his campaign.

In 1980, Republican Ronald Reagan asked voters a simple question during his only televised debate with President Jimmy Carter: “Are you better off today than you were four years ago?”

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This simple rhetorical question sank Carter’s presidency and saw Reagan win a landslide victory just a week later.

With Americans feeling less economically secure and more pessimistic about their prospects, it will be up to President Biden and his Republican opponent – ​​likely former President Donald Trump – to convince voters that they will make them feel better.

Although unemployment remains at the lowest level in 50 years, anxiety about inflation and rising prices for many essential goods dominated political debates ahead of the November elections.

Although the rise in inflation slowed last year, in April consumer prices were still 3.4% higher than in 2022.

The target set by the Federal Reserve is 2%.

Many of the biggest increases were in everyday essentials, including housing costs, which rose 5.5% over last year, according to data from the Bureau of Labor Statistics and Energy Information Administration.

Electricity prices have risen 4.8% over the past year, marking another damaging blow to the wallets of ordinary Americans.

These increases are due, in part, to Russia’s invasion of Ukraine, which saw both the US and the European Union impose embargoes on cheap Russian oil and natural gas.

The Federal Reserve responded to rising inflation by increasing interest rates several times, making it more expensive for businesses and consumers to borrow money.

And reports show that many ordinary Americans are tightening their belts in the face of higher prices.

If the November elections turn out to be about “the economy, stupid,” once again, these polls make grim reading for President Biden and the Democrats.

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