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Economic Perspectives, Expectations of Fiscal Deterioration Negative — CBS News Poll

Anthony Salvanto, Fred Backus, Jennifer De Pinto, Kabir Khanna

Americans' reputation and outlook for the economy is poor, and most expect at least a slowdown next year, if not a recession. At the personal level, my view of finances has been down for a year, and many have expressed concern about whether they can afford to buy things or save money in the future. This is an important sentiment, as American views of spending can affect the economy. But the good news is that feelings about employment security are relatively confident when compared.


The current reputation of the national economy is deteriorating. Only 22% think it's good, down from 26% in May, but the percentage of those who say "bad" has risen to 75%, the highest ever for the Biden administration. This is a 12 point increase from April.


Republicans, independents, and Democrats all rate the economy as bad increase. 60% of Democrats who rate the economy as bad, despite the fact that the president's own party often gives a more rosy rating than other parties, are notable because they are closer to the views of independents and Republicans. Deserves. The Democratic Party's positive reputation has declined in recent months. Last month was 42% good.


Americans are in today's personal economic and economic situation. one year ago. Only half of it says it's pretty or very good, from 60% a year ago. 

The pandemic has had an impact, but many haven't recovered yet. Comparing the situation before the blow, only 13% of Americans say their families are better off than they used to be, and 4 out of 10 say they are worse.


In short, most Americans describe the past few years as "challenging" and "stressful" for themselves and their families. 

Higher prices have particularly affected more people than higher interest rates and the stock market. Most people say that food and gas prices have a big impact on them, and most are concerned about paying daily things, saving money, paying high-value items, and the ability to take vacations. increase. 

Many are planning outings and trips this summer, even though long-term concerns about savings and even retirement are clearly putting pressure on them. 


7 out of 10 people who work full-time or part-time With plans to retire, 6 out of 10 parents of children under the age of 18 are concerned about their ability to pay for childcare.

The public states that there are many reasons for inflation, a mixture of market power and policy. Most people say it's because of higher costs for manufacturers and producers, and blame government spending during the pandemic, but feel that businesses are charging more to get higher profits. I am. Biden's policies are relatively rarely pointed out, but still a majority. (Democrats aren't.)

Gasoline tax holidays mean less money is available for roads, bridges and infrastructure, as skepticism that prices will actually go down has eased them. It also gets a slight majority of support. ..


Overall, President Biden's employment approval rate is 41%, and approval is given. It became the worst. Evaluation of his presidency. Biden has a negative rating on most of the tested issues, but has the lowest rating on the economy and the treatment of inflation. It is at the top of the list of priorities that the country should address.


President Biden continues to positively evaluate how to deal with the outbreak of the coronavirus. Is getting. Most people think things are going well in the US's efforts to deal with it. But about one-third of Americans consider it a high-priority issue for countries these days.

The majority support a bipartisan gun policy bill recently passed by Congress and signed by law. 


This poll was mainly announced by the Supreme Court. It was carried out before. Court ruling overturning Roe v. Wade. Read more about our polling herefor a general reaction to that decision 

This CBS News / The YouGov survey was conducted using a national representative sample of 2,265 US adult residents interviewed June 22-24, 2022. Age, race, and education based on the US Census US Community Survey and Current Census, and the 2020 Presidential Vote. The margin of error is ± 2.6 points. 

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Anthony Salvanto
Anthony Salvanto

Anthony Salvanto, Ph .. D. is the Director of Elections and Research at CBS News. He oversees all race-wide votes across the country, state and parliament, and leads the CBS News Decision Desk, which estimates election night outcomes. He is the author of "Where Did You Get This Number: A Pollster's Guide to Make Sense of the World" by Simon & Schuster (a division of Viacom CBS) and is a regular on all CBS News. It is posted on. platform. His academic research and writing covers topics on polling methodologies, voting behavior, and sampling techniques.

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