AP-NORC poll finds an uptick in positive ratings of the US economy, but it’s not boosting Biden
U.S. adults are only feeling slightly better about the economy, despite stocks being near record highs and surprisingly strong growth last year
WASHINGTON (AP) — Stocks are near record highs. Growth was surprisingly strong last year. And once-hot inflation has begun to cool. But so far, U.S. adults are feeling only slightly better about the economy.
A new poll from The Associated Press-NORC Center for Public Affairs Research finds that 35% of U.S. adults call the national economy good. That's an uptick from 30% who said so late last year and up from 24% who said so a year ago. While 65% still call the economy poor, that’s also an improvement from a year ago, when 76% called it poor.
Voters' confidence in the economy could be a pivotal factor in this year's presidential election as it is consistently rated as a top issue. Recent data on the economy has shown that growth accelerated last year even as inflation returned closer to the Federal Reserve's 2% target, proving wrong a multitude of Wall Street and academic economists who said a recession would be the consequence of efforts to lower inflation.
