Poll: Just 1 Percent of Americans View Biden’s Economy as Excellent 

Outgoing US vice president Joe Biden arrives on stage to address the assembly on the second day of the World Economic Forum, on January 18, 2017 in Davos. - With the world's elite holding its breath until Donald Trump becomes the next US president, outgoing Vice-President Joe Biden addresses the …
FABRICE COFFRINI/AFP via Getty Images

Just one percent of Americans view President Joe Biden’s economy as excellent, a new ABC News/Ipsos poll revealed Sunday.

The poll asked respondents how they would “describe the state of the nation’s economy these days.”

Only one percent said excellent. Twenty-three percent said good. Forty-seven percent said not so good. And 28 percent said poor.

Combining the categories into positive and negative responses, 75 percent of Americans said Biden’s economy was “not so good” or “poor.”

Only 25 percent said it was good or excellent, a 50 point differential:

The poll comes as inflation has hit a 40-year high in January. Consumer sentiment has also tanked to the lowest level in a decade.

The housing costs of rents increased as much as 40 percent in 2021, the Washington Post reported Monday. Average rents increase 14 percent to $1,877.

American wages have increased under Biden’s presidency. But not enough to keep up with the rising costs of living. According to the Labor Department, the average worker got a 2.4 percent pay decrease last year.

FILE - This Thursday, Sept. 29, 2016, file photo, shows the Illinois Department of Employment Security office in Springfield, Ill. On Thursday, Dec. 28, 2017, the Labor Department reports on the number of people who applied for unemployment benefits the week before. (AP Photo/Seth Perlman, File)

AP Photo/Seth Perlman, File

While Biden was campaigning in 2020, he promised to improve the economy and shut down the virus. Both promises have remained unfulfilled.

In large part is due to the coronavirus chaos that Biden has not resolved, and the labor market has been impacted by school closures, mandates, and an overabundance of unemployment payments.

The poll was conducted January 28-29, 2022, with 510 adults. The margin of error is 4.9 percentage points.

Follow Wendell Husebø on Twitter and Gettr @WendellHusebø.

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