While no president can receive all the credit for a good or bad economy, the American people are rightfully pessimistic about how Joe Biden has cared for their pocketbooks. The proof is in the pudding with Inflation — particularly gas prices — still up and wages not keeping pace, and the US debt increasing by a whopping $8 trillion. While slow, small improvements have been made recently, 80% of Americans still think the economy is doing poorly, and more than half believe it will worsen over the next year.
Despite Republican data cherry-picking, the US economy has improved greatly since Biden took office. From his inauguration through July 2022, the US added over 500K jobs per month. The unemployment rate has also dropped from 6.3% to 3.5% since he assumed office, including significant drops for Black and Hispanic Americans. Though the inflation battle is still ongoing and the Gross Domestic Product decline is real, the US under the Biden admin. has yet to see a recession and the projections are growing more positive by the day.