Joe Biden Approval Rating for His Handling of the Economy Is Rising, New Poll Shows

By Jace Dela Cruz

Apr 15, 2024 04:27 AM EDT

A new poll shows that the approval rating of President Joe Biden regarding his handling of the economy is experiencing a surge among American voters.

President Biden Delivers Virtual Remarks To The National Action Network Convention — WASHINGTON, DC - APRIL 12: U.S. President Joe Biden gives remarks virtually to the National Action Network Convention from the South Court Auditorium in the Eisenhower Executive Office Building on the White House campus on April 12, 2024 in Washington, DC.
(Photo : Anna Moneymaker/Getty Images)

'Bidenomics' of Joe Biden Gets the Approval of US Voters

The latest survey conducted for the Financial Times and the University of Michigan's Ross School of Business reveals that 41 percent of registered voters said they approved of Joe Biden's economic management.

This figure increases by five percentage points from the previous month and the highest approval rating since pollsters started asking this query in November.

Biden's overall approval rating has risen to 43 percent, surpassing the March survey by four points and establishing another record high since the commencement of the monthly poll.

Challenges Ahead For Joe Biden

Although Joe Biden has managed to enhance his rapport with several demographics, including younger voters, women, independents, and Black and Hispanic voters since last month's survey, it highlights potential challenges ahead for the president.

The survey found that 41 percent of voters trusted former President Donald Trump more than Biden on the economy, compared to 35 percent who preferred the president. It also shows that 16 percent of registered voters trusted neither man to handle the economy.

Moreover, the poll underscores ongoing concerns regarding inflation, notably the surge in fuel prices. Almost four in five voters cite price hikes as a significant source of financial strain, with food prices singled out as the primary contributor to financial stress for nearly three-quarters of respondents.

The positive trajectory in Biden's approval ratings on the economy offers a glimmer of optimism for his administration, which had previously been criticized for his economic management.

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