The share of Americans who say they are “struggling financially to remain where they are” hit a record 44 percent this month. This is a 20 percent increase on June 2021, shortly after Joe Biden took office.
The Monmouth University findings are unlikely to be due to the COVID pandemic. The share of Americans who said they were struggling to hold their ground financially stood at 20 percent in April 2019, remained at 20 percent in June 2020, and had only risen to 24 percent by June 2021. Not until October 2022, well into Biden’s presidency and long after Covid had begun to recede as an economic issue, did the figure hit 37 percent. It had risen to 41 percent by March 2023, before peaking at 44 percent in December.
Monmouth found another 43 percent of Americans say their financial situation is basically stable, with just 12 percent saying their situation is improving.
The findings follow Joe Scarborough and Democrat guest Donny Deutsch blasting people who do not agree Biden is “doing a great job” on the economy as “Biden Deniers”.
Despite the MSNBC anchor’s claims that his acquaintances are making “millions and millions of dollars off Joe Biden’s economy,” the reality is that houses are less affordable than at any time in U.S. history, and demand for mortgages is at its lowest since 1995.
% of Americans who say they are struggling financially to remain where they are.
April 2019: 20%
June 2020: 20%
June 2021: 24%
Oct. 2022: 37%
Mar. 2023: 41%
Dec. 2023: 44% (new high)
Monmouth (A) | n=803 | 11/30-12/4https://t.co/CPiU3ThOW7 pic.twitter.com/uz9xcj0Mtu
— InteractivePolls (@IAPolls2022) December 18, 2023