The economic disorder of the American people has increased during the Biden era

Aug 13, 2024 - 12:26
The economic disorder of the American people has increased during the Biden era

The results of a new survey conducted in the United States revealed that the majority of people in this country are dissatisfied with the economic performance of the Joe Biden government.

According to ABC, the results of a survey conducted by the Ross School of Business of the University of Michigan and the Financial Times newspaper show that 81 percent of Americans believe that their economic situation has worsened under US President Joe Biden, while only 19 percent of respondents are satisfied with their economic situation during the Biden era.

Statistics from the US Treasury Department show that in recent days and for the first time in the history of this country, the US public debt has exceeded the $35,000 billion mark.

While an increase in a country's national debt is usually due to an increase in the budget deficit, the budget deficit increases when a country's expenditures increase more than its income. 

 

The last year in which the U.S. government's revenues exceeded its spending was 2001.

This survey was conducted online from August 1 to 5 with participation from 1,011 Americans eligible to vote in this country's 2024 presidential election on Tuesday, November 5.