America’s mood is unstable and anxious. Amid persistent inflation and a stock market slump, the vast majority describe their mood as such, and the percentage who describe the economy as bad have reached high levels during Biden’s presidency. The number of people saying things in the country are generally going badly is at an all-time high of President Biden as well, as pessimism about the market, the economy and prices drive views forward — and outpace optimism about both jobs and the coronavirus, as we head into the summer.
Looking ahead, there is great and growing pessimism about the national economy, stock market and inflation. In fact, the outlook on costs of things is the most pessimistic of the items tested, followed by pessimism about the national economy.
Most are also pessimistic about their retirement plans, and in the wake of the stock market downturn, two-thirds of those who have money invested in the market are pessimistic about it.
but there he is Optimism about both jobs – a message the White House has emphasized – and efforts against COVID-19. It’s just that both are somewhat overpowered now in setting the mood.
Theat the door of the White House. And while most people continue to dismiss the president’s handling of inflation and the economy, these ratings haven’t moved much, for better or for worse, perhaps because people remain pessimistic about these issues.
Mr. Biden scores relatively higher for caring about people than he does for being quick to respond (though neither gets a majority). Indeed, given the administration’s criticism of being slow to tackle inflation, this now echoes in the public’s larger criticism of Biden, that he has been slow to react in general. It’s not just his political opponents who say that: More than a third of Democrats say so about Mr. Biden, too.
The more people think the economy is worse, the more they think Mr Biden is fighting hard enough to solve the nation’s urgent problems.
We see other ramifications of all this for the president within his own party: Although the president’s supporters usually paint rosy pictures of the economy, more than half of Democrats now rate the economy as bad for the first time in Mr. Biden’s tenure. . Most Democrats now say things in the country are also going badly, and that has a lot to do with how they feel about the economy.
And some of the major groups that have supported Biden in 2020 have criticized this criticism as being slow to respond, including most young people, most Hispanic Americans and about half of black Americans say so.
And while most Democrats say Biden is fighting hard, major groups like the Young and Independents disagree. Although there is no widespread view, there is a slight increase in the number of Democrats who view Biden’s actions as “distracting.” Democrats who say Biden has been slow to respond to events are particularly likely to say he’s a distraction — about half do.
Compared to inflation and the economy, Biden got better marks for handling the situation with Ukraine and Russia. And it continues to get positive signs of dealing with the pandemic — something the public is optimistic about, despite the recent increase in cases in some areas. This mix maintains its overall approval in the low 40s, as it has been swirling since last fall.
This CBS News/YouGov survey was conducted with a nationally representative sample of 2,041 adult U.S. residents interviewed from May 18-20, 2022. The sample is weighted according to gender, age, race, and education based on the American Community Survey of the U.S. Census and Survey The current population as well as the 2020 presidential election. Margin of error ± 2.5 points.