Exclusive Harris Poll Reveals Misconceptions About US Economy and Biden's Administration

Wednesday, 22 May 2024, 09:00

A recent Harris poll conducted for the Guardian shows that nearly three in five Americans mistakenly believe the US is in an economic recession, with a majority blaming the Biden administration. Despite positive economic indicators such as growing GDP and stock market performance, there are widespread misconceptions about the state of the economy. The poll sheds light on the persistent pessimism among Americans as election day approaches.

https://store.livarava.com/963150d5-18af-11ef-a3d4-9d5fa15a64d8.jpg — Exclusive Harris Poll Reveals Misconceptions About US Economy and Biden's Administration

Americans Misconceptions About the Economy:

Nearly 60% wrongly believe the US is in an economic recession.

55% think the economy is shrinking.
56% believe the US is in recession despite GDP growth.

Other misconceptions include beliefs about the stock market and unemployment rates.

49% think S&P 500 is down for the year, when it's actually up by about 24%.
49% incorrectly believe unemployment is at a 50-year high despite being under 4%.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

Americans Misconceptions About the Economy:

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