While fewer Americans say the nation is headed in an increasingly right direction, 68 percent say it is headed in the wrong direction, up six points since January.
The CIVIQS rolling job approval average tracked 472,851 responses between January 19, 2017, and April 13, 2023. The CIVIQS tracking model is meant to capture the shifts in attitude of various groups over time across all 50 states and Washington, DC. These changes can happen either over time or rapidly.
Two major political events have occurred since January. The nation suffered a banking crisis, and former President Donald Trump was indicted by a far-left district attorney from Manhattan.
The banking crisis was caused, in part, by sharp interest rate hikes to tamp down Biden’s inflation. The Federal Reserve continued to increase interest rates in March to tamp down inflation, a decision subject to speculation by financial experts, as the central bank weighed reducing soaring inflation and the stability of the banking system.
Biden’s 40-year-high inflation, on average, cost American households an extra $5,200 last year, or $433 per month, according to Bloomberg.
