While the causes of Biden’s decline are numerous (e.g. declining trust of his handling of the coronavirus pandemic and the American troop withdrawal from Afghanistan), perhaps the biggest one is that Americans believe there are big economic problems and that Biden isn’t focused nearly enough on them. These negative perceptions of Democrats on the economy are impacting the marquee Virginia gubernatorial election, too.
Approval of Biden on the economy has tracked almost perfectly with approval of him overall. Right now, his economic approval is in the low 40s, just as it is overall. In the early summer, it was in the low 50s — as it was overall then, too.
This decline comes as consumer confidence in the government’s economic policy has noticeably declined over the last six months, according to the University of Michigan. American consumer sentiment is significantly worse than it was a month before President Donald Trump was booted from office a year ago.
Take a look at the top concerns most Americans have right now. According to a Fox News poll released this week, 53% of voters said they were extremely concerned about inflation and higher prices. No other issue topped 50%.