With nearly 40-year-high inflation crushing American families in 2022, 41 percent of Americans say their personal financial health has deteriorated since Biden assumed office in January 2021. Just 16 percent said their financial health was “better off” under Biden.
By comparison, 13 percent of Americans said they were worse off financially during the first two years under former President Donald Trump, while 25 percent said they were “better off.”
Sunday’s polling data revealed the worst result for the survey since 1986 when the phrase “better off” became popular under the Reagan administration.
The poll sampled 1,003 adults from January 27 to February 1 with a 3.5 point margin of error.
Biden’s messaging surrounding the economy has been unclear in recent days. On Sunday, Biden appeared to admit Americans had been suffering under his leadership.