Bleak Economic Outlook Under Biden Administration Despite Positive Job Growth

Disposable income decreases and inflation remains high, contributing to negative public sentiment towards the economy.

Disposable income has decreased by 2.7% under the Biden administration, a stark contrast to the average growth of 4.5% since JFK's presidency.
Despite positive trends in other economic metrics, such as job growth and a drop in unemployment, the majority of Americans view the current economic conditions as poor.
Inflation has decreased from its peak of 9.1% in 2022, but still remains above the Federal Reserve's target rate of 2%, with high prices persisting for rent, groceries, and transportation.
Total prices have increased by 17.2% since Biden took office in January 2021, according to data from the Federal Reserve Bank of St. Louis.
Real wages have also declined by 2.1% during the same period, contributing to the bleak economic outlook.