Sport Investors League
  • Politics
  • Stocks
  • Investing
  • Business

Sport Investors League

  • Politics
  • Stocks
  • Investing
  • Business
Business

Most Americans falsely think the U.S. is in recession, poll shows

by admin May 24, 2024
May 24, 2024
Most Americans falsely think the U.S. is in recession, poll shows

More than half of Americans think that the United States is in an economic recession, although gross domestic product has been increasing for the past several years.

According to a new Guardian/Harris poll, 56% of respondents said they believe the U.S. is in a recession and 58% say that President Joe Biden is responsible for what they see as an economic downturn.

A recession is an extended period of economic decline, usually designated when GDP has declined for two or more consecutive fiscal quarters.

Under those terms, the U.S. is definitively not in a recession.

GDP grew by 1.6% in the first quarter of 2024. Granted, that is a decelerated rate from the 3.3% growth of the fourth quarter of 2023, but it is not recessionary. U.S. GDP growth has been outpacing that of other developed nations.

“America has the best economy in the world,” Biden told NBC’s “TODAY” in April.

The Guardian/Harris poll is yet another example of an ongoing gap between economic data and economic feelings that has nagged the Biden administration in recent months.

Despite some positive signals that the economy is recovering from the pandemic chaos that disrupted supply chains and sent inflation skyrocketing, consumer attitudes have lagged, often driven by the high costs of daily living caused by stubbornly high inflation.

The Guardian/Harris poll comes less than six months away from the November election where Biden will face former President Donald Trump. The Biden campaign is fighting to sell voters on the president’s economic record and shift the mood to recognize the economic gains the country has made since the pandemic.

“We know our work is not done,” White House Press Secretary Karine Jean-Pierre said at a January briefing, nodding to the chasm between how the American economy is doing by the top-line numbers and how Americans are feeling about it.

This post appeared first on NBC NEWS

0
FacebookTwitterGoogle +Pinterest
previous post
Collapse of fintech firm with 10M users leaves many Americans without access to their money
next post
Frontier CEO urges crackdown on ‘rampant abuse’ of airport wheelchair service

Related Posts

What’s Turo? The ‘Airbnb of cars’ was used...

January 4, 2025

Lowe’s becomes latest company to dial back DEI...

August 29, 2024

GM lays off 1,000 employees amid reorganization and...

November 17, 2024

How Foot Locker is waging a comeback after...

September 24, 2024

Restaurants are rebounding — but Starbucks and McDonald’s...

January 30, 2025

Chipotle to expand to Mexico amid Trump trade...

April 22, 2025

Sports streaming venture from Fox, Disney and Warner...

August 2, 2024

Citibank customers report fraud alerts and account access...

January 17, 2025

Robinhood CEO sees Amazon-like subscription model as path...

March 29, 2025

Southwest Airlines will charge to check bags for...

March 12, 2025

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent

    • Trump flips his shutdown approach, leaving Congress to take the heat

      October 7, 2025
    • Mike Johnson fires back at Hakeem Jeffries’ ‘desperate’ call for televised shutdown debate

      October 7, 2025
    • Schumer’s shutdown scheme explained: Dems double down on Obamacare credits as standoff drags on

      October 7, 2025
    • Schumer’s shutdown holds as Senate Dems block GOP bid to reopen government

      October 7, 2025
    • Kennedy claims Democrats want millions for foreign LGBT projects, electric buses to end shutdown

      October 7, 2025

    Categories

    • Business (1,115)
    • Investing (3,197)
    • Politics (3,899)
    • Stocks (1,155)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: sportinvestorsleague.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 sportinvestorsleague.com | All Rights Reserved