Voters remain gloomy despite recent economic gains – POLITICO

by | Nov 2, 2022 | Financial

Gas prices are displayed at a Pilot gas station on September 12, 2022 in Bensenville, Illinois. | Scott Olson/Getty Images

The U.S. economy is growing. Gas prices are lower and wages are rising. Voters, however, are still in a sour mood.
Two-thirds of voters believe the economy is in a recession, despite new data released last week showing that the economy grew in the third quarter by a healthy annualized rate of 2.6 percent, according to the latest POLITICO/Morning Consult poll. It was the 16th consecutive week in the poll that more than 60 percent of voters said they believe the U.S. economy is already in a recession.

The results suggest that voters’ dim view of the economy is locked in ahead of election day on Tuesday. That was underscored by other questions in the poll showing that voters were more likely to have heard about the country’s record-high inflation than they were about declining gas prices or recent increases in wages.

The third quarter GDP increase followed two quarters of decline. Fifty-eight percent of voters said they hadn’t heard that GDP was up, according to the poll. Democratic men were the most likely to have heard the latest growth statistic, with 58 percent, and Republican women were the least likely, at 28 percent.
A plurality of voters — 43 percent — said that economic issues are the top priority they will take into consideration in choosing candidates, ahead of abortion, health care and education.
There were partisan differences between voters and their knowledge of recent …

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