While President Joe Biden may want to tout "Bidenomics" as central to increasing workforce participation, most voters believe the economy has actually gotten worse, according to a new Rasmussen poll.
The poll found that a 51% majority of likely U.S. voters give Biden a poor rating on his handling of the economy, compared to 37% who rate the president's handling of the economy as good or excellent. In April, 42% gave Biden a good or excellent rating on the economy.
In Philadelphia last week, Biden boasted about workforce participation statistics, saying, "Folks, it's not an accident; it's my economic plan in action. It's Bidenomics."
Only 29% of voters believe the economy has improved in the past year, however. A 56% majority think it's gotten worse and 13% say the economy has stayed about the same.
Ninety-three percent believe that economic issues will play an important role in the 2024 presidential election, including 71% who say they expect the economy to be very important.
More Republicans (76%) than Democrats (66%) or independents (70%) expect that economic issues will be very important in the 2024 presidential election.
Half of Democrats believe the economy has improved in the past year, but just 15% of Republicans and 21% of independents share that belief. Conversely, 75% of Republicans, 33% of Democrats and 62% of independents think the economy has gotten worse in the past year.
Biden was rated good or excellent on his handling of the economy by 68% of Democrats; only 15% of Republicans and 26% of independents agreed. The president was given a poor rating on the economy by 78% of Republicans and 60% of independents, compared to 18% of Democrats.
Women voters are more likely than men to say the economy has worsened in the past year, 61% to 51%.
Broken down by income categories, 64% of those making more than $200,000 per year rate Biden good or excellent on the economy; only 27% of those making less than $30,000 agreed with that assessment.
The poll was conducted July 18-20 and surveyed 1,031 likely U.S. voters. The margin of error is plus or minus 3 percentage points.
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