Joe Biden’s State of the Union speech hit back with a bad poll result

Nearly four in 10 Americans describe their current financial situation as worse than when Biden took office two years ago, according to the report. ABC News/Washington Post poll released on Sunday. Only 16% said they were in better condition.

This is the worst result since pollsters first questioned it in 1986, when Ronald Regan was still president.

The findings come as high inflation is eroding Americans’ purchasing power, painting a bleak picture for Biden as he is in the middle of his four-year term. It also promises to create a major roadblock in his tentative bid for re-election in 2024, which he could announce in the next few weeks.

In an effort to bolster his support and reverse negative polling results, Biden used Confederate state address to detail how he wants to help Americans in economic difficulty caused by inflation hit a 40-year high of 9.1% in June. He spoke of a “green working blueprint” for rebuilding America that involved creating more jobs—many workers—out of the 12 million total jobs created during the mission. his presidency.

Biden also talked about helping the poor and raising taxes on the rich. And he talked about the benefits of a $1 trillion infrastructure bill and nearly $300 billion in planned investments to build the semiconductor industry in the country.

But Biden did not mention some economic issues. For example, he skipped discussing housing prices, are falling due to higher mortgage rates. He also did not bring up recession riskthis is worrying American companies as they cut costs for fear the economy will deteriorate further.

The negative public sentiment found in the recent poll is in stark contrast to what it found under the Trump administration. At the same time during his presidency, far fewer people—just 13%—reported financial hardship, while far more—25%—reported being better off, according to ABC News /Washington Post poll.