via CNBC:
Amid persistent inflation, higher interest rates and recession worries, Americans have never been more negative about the economy, according to the latest CNBC All-America Economic Survey.
A record 69% of the public holds negative views about the economy both now and in the future, the highest percentage in the survey’s 17-year history.
The survey of 1,000 people nationwide, with a margin of error of +/-3.1%, found that about two-thirds of Americans say their wages are falling behind inflation, and two-thirds say the nation is headed for recession or already in one.
The fallout from these negative views is hitting President Joe Biden’s approval rating.
His overall rating fell by 2 percentage points to 39% and his disapproval rating rose by a point to 55% compared with the November survey.