Increase in Support Rate for US President Biden's Economic Policy

5 Percentage Points Increase Compared to the Previous Month

Support for U.S. President Joe Biden's economic policies has increased among American voters.

According to British foreign media on the 15th (local time), a survey conducted by the Ross School of Business at the University of Michigan over five days starting from the 4th, involving 1,010 U.S. voters, showed that President Biden's economic policy approval rating reached 41%. This is a 5 percentage point increase compared to the same survey last month. The margin of error for this survey is ±2.2%.

President Joe Biden of the United States

The Biden administration has recently been pursuing economic policies that strengthen regulations on large corporations and increase taxation on businesses and high-income earners. It is also focusing on attracting local investments from global semiconductor companies and increasing domestic semiconductor production through substantial government subsidies.

Eric Gordon, a professor at the Ross School of Business, analyzed, "Voters continue to worry about high inflation, but Biden is being blamed less," adding, "It appears that Biden's attempt to shift the responsibility for high inflation onto large corporations has resonated."

The survey revealed that the majority of voters are experiencing difficulties due to high inflation. Four out of five respondents identified inflation as the biggest cause of their financial hardship.