The survey found that merely seven percent of voters think the economy is “very fair,” while 26 percent say the economy is “somewhat fair.” The findings are a “sharp shift” from 2019 when 56 percent of voters said they believed the economy was “somewhat fair” and 15 percent thought it was “not at all fair.”
The poll was conducted with 1,000 likely U.S. voters between January 12-13 with a +/- 3 percent margin of sampling error and a 95 percent level of confidence, around the time news broke that U.S. inflation had ascended to its highest level in 40 years in December.
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President Joe Biden often avoids questions about rising inflation and the supply chain crisis, despite the fact that the cost of essential goods has drastically increased, grocery store shelves are often sparse or bare, and pay raises for the working class have been nullified. On Monday, the Commander-in-Chief called a reporter a “stupid son of a bitch” for pressing him on the matter of inflation.
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According to the survey, Biden’s strongest supporters and Democrats are more likely to believe the U.S. economy is fair, in addition to those with higher incomes. The poll report reads: Among voters who Strongly Approve of Biden’s job performance as President, 61 percent think that the economy is at least somewhat fair. By contrast, among voters who Strongly Disapprove of Biden’s performance, only 20 percent believe the economy is at least somewhat fair.
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Forty-five percent of Democrats believe that the economy is at least “somewhat fair.” They are more likely to believe the economy is “not very fair” or “not fair at all” to Blacks and Hispanics, at 62 percent. Comparatively, 25 percent of Republicans and 30 percent of unaffiliated voters think the economy is “somewhat fair,” and 30 percent of Republicans and 51 percent of unaffiliated voters believe the economy is unfair to Blacks and Hispanics. Overall, 48 percent view the economy as “unfair to Blacks and Hispanics, including 20 percent who say the economy is not at all fair to those groups.”
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“That’s a marked change from 2016, when a solid majority (56 percent) believed the economy was at least somewhat fair to blacks and Hispanics,” as per the report. Black voters are more likely than other minorities or Whites to believe that the U.S. economy is fair, though they are “more likely to think the economy is unfair to Blacks and Hispanics.”
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