A new survey from the Associated Press-NORC Center for Public Affairs Research shows that nearly half of Americans are struggling with their finances, up from 42% in March.

Man using calculator Accounting Calculating Cost Economic bills with money stack step growing growth saving money in home , finance concept

The man is calculating his bills.


More than half of people say their finances are in good shape, but nearly half say their financial situation is poor.

Households making less than $50,000 a year had the biggest increase in concerns, with 32% rating their economic situation as good, compared to 50% in March.

More than half of Americans disapprove of President Joe Biden's handling of the economy, according to a recent survey.

According to a survey, most Americans think Biden is not to blame for the country's economic struggles, and that inflation has been caused by factors beyond Biden's control.

Only 25% of Americans think the country is going in the right direction, according to a survey.

PLAY 1/1 Skip Ad Continue watching after the ad Loading PodsVisit Advertiser websiteGO TO PAGE

Biden told CNN's Jake Tapper in an interview Tuesday that he didn't believe a recession would happen soon, and if it did, it would be a "very slight recession." Biden said a recession is possible, but he didn't think it would happen.


According to the poll, the president received praise for his management of several issues, even though he was criticized for his handling of the economy. More than half of voters said he has responded well to the Covid-19 Pandemic, while more than half said they approve of how he handled the aftermath of Hurricane Ian.

The polls show Democrats and Republicans in a close race for control of congress. The economy and Biden's standing are seen as two key issues for the November elections, with Democrats projected to lose the House and the race for the Senate still close.

Key Background

Experts offered gloomy predictions for the economy. Jamie Dimon warned on Monday that high inflation, the Federal Reserve's interest rate hikes and the war in Ukraine could leave the US in a recession in six to nine months. The International Monetary Fund warned on Tuesday that inflation could be worse than previously thought due to Russia's invasion of Ukrainian. The war in Ukraine has been blamed for the rise in food and gas prices in the United States. A majority of Americans are worried about a recession in the near future, according to recent polling.

Biden doesn't think there will be a recession.

According to an AP-NORC poll, Biden hit on the economy.

The Bear Market is Deepening as the Fed Warns Rate Hikes will Trigger Failures.