Republicans currently hold a distinct edge looking ahead to the 2024 presidential election based on new Gallup survey results that show a record-high percentage of Americans trust the GOP over Democrats to manage the economy.
A total of 53% of respondents say Republicans are more likely to "do a better job of keeping the country prosperous," the Gallup poll results showed, Semafor reported.
Only 39% say Democrats manage the economy better.
Gallup analyst Justin McCarthy told Semafor that the final election year polling on the question typically has predicted the winner since 1984. The most recent exception was in 2000. The question wasn't asked in 2004.
The 14-point gap between Republicans and Democrats is the GOP's largest for the "manage the economy" question since 1991, and an increase from a 10-point advantage this time last year.
Democrats led by a point in September 2020.
Gallup has been polling the same question since 1951.
The survey results come as President Joe Biden and the White House are pushing "Bidenomics" and insist the economy is improving. Voters, though, are angry over the rapid spike in prices after the pandemic.
The Wall Street Journal reported Monday that some top Democratic Party members are worried after seeing poll results constantly showing voters are deeply concerned about 80-year-old Biden's age, his fitness for office, and his leadership.
Gallup on Friday reported Americans' assessments of the U.S. economy have became worse in September, both in perception of current economic conditions and the outlook for the economy's direction.
A total of 48% of U.S. adults say economic conditions are "poor," Gallup polling showed. Another 32% say the economy is "only fair" and just 20% say economic conditions are "excellent" or "good."
The overall positive rating is down slightly from 23% in August, while the poor rating is up from 42% and is the highest Gallup has seen in a year.
A Morning Consult and Axios' Inequality Index poll last week showed Americans still are struggling to view their personal financial futures and the broader economy in a positive light.
The index showed that consumer confidence dropped in September. Specifically, there was a 4.3% dip among Americans in high-income households, 2.8% for middle-income households, and 0.5% for low-income households.
Charlie McCarthy ✉
Charlie McCarthy, a writer/editor at Newsmax, has nearly 40 years of experience covering news, sports, and politics.
© 2024 Newsmax. All rights reserved.