Economic Situation Worsens Ahead of Midterms

AP-NORC poll: “More U.S. adults are now feeling financially vulnerable amid high inflation — a political risk for President Joe Biden and his fellow Democrats one month before the midterm elections.”

“Some 46% of people now call their personal financial situation poor, up from 37% in March… That’s a notable downturn at a particularly inopportune moment for Biden, given that the share of Americans who felt positive about their finances had stayed rock steady over the last few years — even during the economic turmoil of the COVID-19 pandemic.”