Polling News

Americans Down on Their Standard of Living

December 14, 2023

The Biden Administration has worked for months to praise the positive achievements of Bidenomics. However, most Americans do not feel the economic gains the Administration CLAIMS, according to a new CBS/YouGov poll. More Americans today say their standard of living is worse than that of their parents–a direct hit with the ideal of the American Dream.

By The Numbers:

  • Forty-six percent of all Americans believe their standard of living is worse than their parents’ standard of living. Twenty-one percent believe it’s about the same, and just 33% say it’s better. 
  • Thirty-nine percent of Americans 18-29 years old believe their standard of living is worse than their parents’ standard of living was. More Americans in the prime working years feel this way. Over half of Americans ages 30-64 believe this to be the case (51%). Forty percent of Americans over 65 years old believe their standard of living is worse than their parents’ standard of living was.
  • How do Americans judge how the economy is doing? Eighty-five percent of Americans say their own experiences; 72% say people they know; 70% say businesses in their community, and only 66% say national data.  

The Bottom Line: The Biden Administration and national Democrats rely too much on numbers the White House pushes out to show the economy is bouncing back. They miss the actual real life experiences Americans are having as they experience higher grocery prices, out-of-reach mortgage rates, and closing businesses. Republicans need to pounce on this, not just with data and numbers, but by humanizing the damage the Biden economy has brought or tolerated. 

Related PollingNews

Placeholder polling news
November 27, 2025 |
Polling News
Because of the Biden economy, President Donald Trump and Republicans made gains with Latino voters last year. ...
Placeholder polling news
November 20, 2025 |
Polling News
Democrats were frustrated at the end of the government shutdown, with party in-fighting spilling into the open and the progressive base publicly calling for new leadership. ...
Placeholder polling news
November 13, 2025 |
Polling News
As the government shutdown nears its end, Republicans are regaining the upper hand and Democrats are in disarray. No one should get comfortable, however, because when the government reopens, the GOP will face its next challenge: addressing healthcare. Sim...
Placeholder polling news
November 06, 2025 |
Polling News
Now that the 2025 elections are over, all eyes are turning to 2026. The latest NBC News poll found voters are disappointed with the Trump Administration on the economy, inflation and cost of living, and looking out for the Middle Class. How will those iss...
Button karlsbooks
Button readinglist
Button nextapperance