deeply unpopular despite growth and jobs [Video]

As the prices of various goods and services increased and stayed elevated, wages have struggled to keep pace. Even with a pickup in 2024, the 19% increase in average hourly earnings under Biden is still below the inflation rate.

Consequently, the disparity between wages and prices has pushed consumer confidence 6% lower under Biden than when he took office, as measured by the widely followed University of Michigan sentiment survey. That’s saying something considering that when Biden took office in January 2021 the economy was still under the shadow of Covid, with many folks choosing to spend the holiday season in late 2020 away from friends and family because of the spread of the omicron variant.