Read full post at forexlive.com
The Guardian released an “exclusive Harris Poll” showing some interesting results out of the US.
According to the polling, nearly three in five Americans wrongly believe the US is in an economic recession with the majority – nearly 50% – also believe the S&P index is down on the year.
What is evident is the survey found persistent pessimism about the economy. This does not bode well for President Biden as the November election draws near.
Some of the perceptions/misconceptions..
Perception of Economic Shrinking and Recession:
Stock Market Misunderstanding:
Unemployment Rate Misconception:
Blame on Biden Administration:
Inflation Perception:
Although Republicans are more convinced the US is in a recession at 67%, nearly 50% of Democrats also think the US is in recession. Again that is bothersome going into an election where it is often thought it is about the economy….