The state of the economy has been anything but predictable over the past few years. Supply chain shocks from the pandemic, surging inflation, rising interest rates, and skyrocketing housing costs have weighed it down. And yet, the job market has been resilient, and the U.S. has, so far, avoided a recession many thought would have been here by now.
But the latest data shows Americans aren’t optimistic about the economy.
A recent poll conducted by CBS News found that 66% of respondents disapproved of President Biden’s economic strategies, collectively referred to as “Bidenomics.”
So, let’s take a quick look at Bidenomics and why Americans aren’t enthusiastic about it right now.
This post originally appeared at The Motley Fool.