Expectations negative as views of economy, finances worsen — CBS News poll

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Expectations negative as views of economy, finances worsen — CBS News poll
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CBS NEWS POLL: Most Americans expect a slowdown or a recession in the coming year. alabamanewsnetwork

/ CBS News

Majorities of Republicans, independents, and Democrats all rate the economy as bad. The 60% of Democrats who rate the economy bad is notable because it's moving closer to the views of independents and Republicans, even though a president's own party often gives rosier assessments than others. Democrats' positive assessments have dropped over recent months. They were at 42% good last month.

In sum, most Americans describe the last few years for themselves and their families as"challenging" and"stressful." Seven in 10 working full- or part-time are concerned about their plans for retirement, and six in 10 parents of children under the age of 18 are concerned about their ability to pay for child care.

Overall, President Biden's job approval rating is now at 41%, marking the lowest approval rating of his presidency. Biden gets negative ratings on most issues tested, but he receives his lowest marks for his handling of the economy and inflation — which the country puts at the top of the priority list of things to address.

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