Majority of Americans Mistakenly Believe U.S. is in Recession, Blame Biden Administration: Poll

Nearly three in five Americans mistakenly believe the U.S. is in a recession, with the majority blaming the Biden administration, according to a Harris poll.

Top Points

1. **Recession Belief**: 56% of respondents think the U.S. is experiencing a recession, even though GDP has been growing.

2. **Stock Market Misunderstanding**: 49% believe the S&P 500 is down for the year, despite its significant gains.

3. **Unemployment Misconception**: 49% believe unemployment is at a 50-year high, whereas it's actually near a 50-year low.

This persistent pessimism and misinformation pose a significant challenge for Biden's re-election campaign, despite his efforts to highlight positive economic measures. The poll also indicates a general skepticism towards economic news, with over 60% of respondents doubting its reliability. While Biden's "Bidenomics" has some support, convincing voters of economic improvement remains a steep uphill battle.