WASHINGTON — President Joe Biden’s administration is boasting impressive economic growth and record-breaking job creation, yet public approval remains stubbornly low.
According to recent reports, the U.S. economy has experienced robust GDP expansion and near-record low unemployment rates, but Americans continue to feel dissatisfied due to lingering affordability concerns and the legacy of high inflation.
The paradox is striking. Wage growth has improved under Biden’s tenure, but rising costs from years of elevated inflation have left many households struggling to make ends meet.
Economist Diane Swonk noted, “The economy looks great on paper, but for many Americans, day-to-day expenses like food and gas remain a burden.” Compounding the administration’s challenges is Biden’s perceived failure to connect with voters.
Programs like the Inflation Reduction Act and investments in infrastructure have yet to translate into meaningful political gains. As Biden’s approval ratings lag, the economy’s performance remains a point of contention in a polarized political landscape.
