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Evelyn Hockstein | David Swanson | ReutersAmericans' views on the economy have improved modestly, according to the latest CNBC All-America Economic Survey, helping President Biden pull even with Donald Trump in a head-to-head matchup. But former President Trump holds a commanding lead on several economic issues, like inflation, taxes and immigration, that voters say are most important in this election. The survey of 1,001 Americans across the country showed 46% of voters choose Trump and 45% picking Biden in a one-on-one match with 10% undecided. Younger Democrats, in fact, are evenly split on the presidents handling of foreign policy. While those issues look to be dragging on the president's approval, he has received a boost from somewhat better overall views on the economy.
Persons: Joe Biden, Donald Trump, Evelyn Hockstein, David Swanson, Biden, Trump, Jay Campbell, Hart, Micah Roberts, it's, they've Organizations: Reuters, CNBC, America Economic Survey, Trump, Biden, Hart Research, Democratic, Republican
A majority of Hispanics, and even a plurality of Black voters, said Biden’s policies would cause inflation to rise, the survey found. You can’t not make the contrast and comparison.”These negative retrospective assessments of the Biden and Trump economic records create huge headwinds for the president. “Voters—even past Biden voters who disapprove of his economic record—clearly reject what Trump and Republicans are offering,” Democratic pollster Margie Omero said in an email. After voters were exposed to Biden’s populist arguments, assessments of his economic record improved in the group’s polling, Clark said. But even after hearing that case, most voters in the group’s surveys still gave Biden negative marks for his economic performance, the study found.
Persons: Joe Biden, Donald Trump, Trump, Biden, Biden –, , , Danielle Deiseroth, West Virginia Sen, Joe Manchin, Shawn Fain, Evelyn Hockstein, Adam Green, Michael Tyler, Republican pollster Micah Roberts, It’s, Jim McLaughlin, ” McLaughlin, Roberts, ” Roberts, can’t, ” Tyler, Margie Omero, , Bobby Clark, Clark Organizations: CNN, GOP, Trump, Teamsters, Democratic, ACA, West, United Auto Workers, Biden, CNBC, Social Security, Republican, White, NBC News, New York Times, Siena College, CBS, Union, Locations: Wisconsin, Michigan, Belleville , Michigan, Scranton , Pennsylvania, Democratic, State, Biden’s
The CNBC All-America Economic Survey also finds support for President Joe Biden at nearly all-time lows and that he would lose by 4 points to former President Donald Trump in a head-to-head race. A smaller, but still solid 61% majority respond that it's important to fund military aid to Ukraine compared with 52% who support military and economic aid to Taiwan. Falling Biden supportMeanwhile, a combination of negative views on the economy and geopolitical tensions looks to be eroding support for President Biden. It's the highest disapproval and second-lowest approval rating of Biden's presidency. Zoom In Icon Arrows pointing outwardsBiden's 32% approval rating on the economy is the lowest of his presidency, while the 63% economic disapproval rating is the second lowest.
Persons: Joe Biden, Benjamin Netanyahu, Evelyn Hockstein, Donald Trump, Biden, Micah Roberts, Republican pollster, Jay Campbell, Campbell Organizations: Israeli, Hamas, Reuters, American, Israel, CNBC, America Economic, NBC, U.S, Republican, Hart Research Associates, Democratic, Trump Locations: Israel, Tel Aviv, U.S, Gaza, Mexico, Ukraine, Taiwan
The president's economic approval rating inched up by 3 percentage points compared with the prior survey in April, with a 4-point drop in disapproval. Zoom In Icon Arrows pointing outwardsThe survey showed small gains in Americans' views on the economy, though to levels that remain depressed. The percentage of Americans saying the economy is excellent or good rose 6 points to a still-low 20%. And Americans believe Republicans have better policies than Democrats to handle the key economic issues, often by substantial margins. Republicans lead Democrats by double digits when asked which party would do a better job on the economy, inflation and improving the respondent's personal financial situation.
Persons: Joe Biden, Jonathan Ernst, Joe Biden's, Jay Campbell, Campbell, , Biden, Micah Roberts, Republican pollster, That's Organizations: Flex, White, CNBC, America Economic, Hart Research, Democratic, Republicans, Republican Locations: U.S, West Columbia, South Carolina
American shoppers plan to watch their wallets closely this holiday shopping season, with 41% saying they plan to spend less this year than last, according to the CNBC All-America Economic Survey . The survey found that average spending intentions for gifts fell 11% from last year to $907 from $1,004 last year when Americans were flush with cash from government stimulus. A third of Americans say they will spend less because of inflation. The CNBC All-America Economic Survey of 801 Americans throughout the nation was conducted during Nov. 26-30. The survey found 30% of participants saying they would use credit cards they don't intend to pay off immediately or other debt in their holiday shopping, up eight points from last year.
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