The Atlantic

Why Americans Can’t Accept the Good Economic News

They’re better off but not feeling it—which could be a really big political problem.
Source: Illustration by The Atlantic. Source: Getty.

“Are you better off today than you were four years ago?” That question, first posed by Ronald Reagan in a 1980 presidential-campaign debate with Jimmy Carter, has become the quintessential political question about the economy. And most Americans today, it seems, would say their answer is no. In a by Bankrate published on Wednesday, only 21 percent of those surveyed said their financial situation had improved since Joe Biden was elected president in 2020, against 50 percent who said it had gotten worse. That echoed the results of an ABC News/ poll from September, in which of those surveyed said they were worse off financially since Biden’s election. And in a /Siena College poll released last week, of registered voters said that Biden’s policies had hurt them

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