Only 28% of voters satisfied with economy as president’s approval falls. Homes and cars are becoming increasingly unaffordable for middle class

Poll: Overwhelming majorities express concerns about Biden, Trump ahead of 2024 race

Only 28% of all voters say they’re satisfied with the state of the economy (down from 48% who said this at the beginning of Biden’s presidency in April 2021), though 55% say they’re satisfied with their own financial situation. Still, that 55% figure istied for a record low on this poll question dating back to 1994.

And on top of all of those numbers, nearly 6 in 10 Democratic primary voters — 59% — say theywant a Democratic candidate to challenge Biden for the Democratic nomination in 2024, even though a major intraparty challenger hasn’t emerged.

Did Bidenomics Kill The American Dream? Homes And Cars Are Becoming Increasingly Unaffordable For The Middle Class

Average Americans are finding homes and cars increasingly unaffordable as inflation from high government spending raises prices and degrades purchasing power.

Half of consumers are being priced out of the car market as the cost of a monthly car loan payment is far exceeding what an average American can afford, while the home affordability index has fallen from a 169.9 point average in 2020 to 87.8 points as of July, according to the National Association of Realtors. One key driver of the rising expenses is inflation, which peaked at 9.1% in June 2022 and is linked to high government spending under the Biden administration, according to experts who spoke to the Daily Caller News Foundation.

“Both housing and automobiles have become increasingly less affordable to American households as a direct result of the Fed having to raise interest rates to curb inflation,” Desmond Lachman, a senior fellow at the American Enterprise Institute, told the DCNF. “Most people finance their home and auto purchases by taking out loans and those loans have become much more expensive.”

BREAKING: A third of Americans earning $150,000 a year or more say they're living paycheck to paycheck and many rely on credit cards to close the gap, per Moneywise.

— unusual_whales (@unusual_whales) September 25, 2023

Bidenomics. pic.twitter.com/T9xODExHuM

— Dr. Anastasia Maria Loupis (@DrLoupis) September 25, 2023

U.S. Economy Could Withstand One Shock, but Four at Once? A year of surprisingly strong growth is about to be tested by a strike, the possibility of a government shutdown, student loans and oil prices

Stocks Flash Recession Warning as Trouble Spreads to Industrials

h/t Aegidius25