Biden Gets a Bump?

( – Receiving what could be seen as a mere pat on the back for his lackluster efforts, Joe Biden’s approval rating bumped up to a figure unseen since November, hitting 43%.

This uptick was highlighted in a survey conducted by the Financial Times alongside the Ross School of Business at the University of Michigan, which showcased a 4-point increase from a previous poll in March to reach the 43% approval mark.

Further insights from the poll reveal that Biden’s economic management approval stands at 41%, marking a significant five-point rise since March.

When positioned against former President Donald Trump, the survey disclosed that 41% of voters lean towards Trump for economic trust, while 35% favor Biden, and 16% withhold their trust from both regarding economic matters.

Biden’s popularity had hovered below the 40% mark for several months, with a January ABC News/Ipsos poll displaying a low of 33% and a Gallup survey in February showing a slight improvement to 38%.

However, Biden is haunted by ongoing inflation concerns, particularly with escalating fuel prices.

Nearly 80% of voters identified inflation as a primary financial stressor, with food prices notably affecting nearly three-quarters of the electorate’s financial well-being.

Fuel prices also emerged as a critical concern, with over half of the respondents acknowledging its significant impact on their finances. This sentiment grew due to recent petrol price hikes exceeding 15% since the beginning of the year.

According to recent official data, inflation rates have climbed by 3.5% year-on-year as of March, surpassing economists’ forecasts. This rise is notably influenced by fuel costs, further worsened by potential disruptions in Middle Eastern crude exports because of regional conflicts.

Although Biden gained ground with key demographic groups, the survey shows ongoing challenges in positioning the economy as a strong point for his re-election bid.

The poll also revealed a receptiveness among voters, including a notable two-thirds of independents, toward third-party candidates.

This sentiment reflects a wider openness to alternatives beyond the major party candidates, underscored by the ongoing efforts of figures like Robert F Kennedy Jr., Cornel West and Jill Stein.

Conducted in early April by Global Strategy Group and North Star Opinion Research, the FT-Michigan Ross poll represents the perspectives of 1,010 registered voters across the United States, with a margin of error of plus or minus 3.1 percentage points.

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