Poll finds voters’ perception of economy improving despite ongoing inflation concerns

A recent poll suggests that public perception of the US economy, a key concern for voters and a weak spot for President Joe Biden, is on the upswing. This shift comes at a crucial time as both Biden and his likely 2024 rival are shifting their focus towards the upcoming general election.

The poll, conducted by the Financial Times in collaboration with Michigan’s Ross School of Business, indicates that voters are slowly warming up to the economic recovery efforts led by President Biden. Despite facing challenges such as surging consumer prices, joblessness, and supply-chain issues, Biden has seen a five percentage point increase in support for his handling of the economy since March.

This positive development could potentially blunt Republicans’ momentum on a key issue as they aim to regain control of the Senate and White House in the upcoming election. Biden’s campaign has been touting his administration’s achievements, including the passage of the Inflation Reduction Act and a bipartisan infrastructure agreement, as well as his support for abortion rights in the face of GOP opposition.

However, Biden still faces challenges, including concerns about his age and vitality, discontent on the left over his handling of the war in Gaza, and Republican efforts to raise awareness about illegal border crossings. The poll also highlighted a growing concern among voters about gas prices, with more than half of respondents citing it as a serious problem affecting their finances.

Overall, the poll reflects a shifting landscape in public perception of the economy and its impact on the upcoming election. With both major-party candidates facing popularity issues, the economy could play a significant role in shaping the outcome of the 2024 election.