President Biden’s Approval Rating Undercuts Trump On Inflation Woes

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President Joe Biden’s approval rating sank to its lowest level yet as record gas prices sharpened inflation’s bite for household finances, the June IBD/TIPP Poll finds. Biden’s approval rating slid 2.4 points to 43 over the past month as his standing among Democrats continued to deteriorate. The IBD/TIPP presidential job approval measure indicates that 43% of adults surveyed approve of Biden’s job performance and 57% disapprove, excluding those who were unsure or declined to state an opinion. …

Approval of Biden’s economic policies fell to a new low. Now 52%-25% of adults disapprove of Biden’s economic policies vs. 47%-29% in May. Independents disapprove by a 58%-15% margin. All signs point to inflation as a major source of Biden’s poor reviews. CONTINUED

Jed Graham, Investor’s Business Daily

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Young Voters, Who Helped Biden to Victory, Are a Big Weak Spot in the Democratic Coalition

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America’s youngest voters accounted for the biggest turnout increase of any age group between the past two presidential elections, helping deliver full control of Washington to President Joe Biden and congressional Democrats. But with just under five months until the midterm elections, it’s this group of voters who present a major challenge for the Democratic Party’s fraught efforts to hold onto Congress this year: Morning Consult Political Intelligence tracking shows Biden’s decline is especially grim among 18- to 34-year-olds. CONTINUED

Eli Yokley, Morning Consult

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Household Spending Expectations Rise Sharply; Credit Access Perceptions and Expectations Deteriorate Further

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The Federal Reserve Bank of New York’s Center for Microeconomic Data today released the May 2022 Survey of Consumer Expectations, which shows that inflation expectations increased at the one-year horizon and remained stable at the three-year horizon. Household spending expectations over the next year rose sharply to a new series high. Credit access perceptions (relative to a year ago) and expectations (one year from now) both deteriorated. Similarly, households’ perceptions and expectations for current and future financial situations both deteriorated in May. CONTINUED

Federal Reserve Bank of New York

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Political divisions extend into Americans’ friendships

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The division that has become a hallmark of Washington has roots that extend well beyond the Beltway and into America’s communities and neighborhoods. The Public Religion Research Institute released a survey in late May exploring who Americans tend to associate with in their core friend groups. One of the survey’s findings: Partisanship is a big part of our everyday lives.

The divisions in the survey don’t look bad at first glance. In fact, overall, the partisanship of Americans’ friend groups looks fairly balanced, according to the PRRI poll. …

But the numbers change dramatically when you look at people who identify as Democrats and Republicans in the PRRI data. CONTINUED

Dante Chinni, NBC News

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K-12 Workers Have Highest Burnout Rate in U.S.

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More than four in 10 K-12 workers in the U.S. (44%) say they “always” or “very often” feel burned out at work, outpacing all other industries nationally. College and university workers have the next-highest burnout level, at 35%, making educators among the most burned out groups in the U.S. workforce.

These results are based on the Gallup Panel Workforce Study, conducted Feb. 3-14, 2022, with 12,319 U.S. full-time employees, including 1,263 K-12 workers. CONTINUED

Stephanie Marken & Sangeeta Agrawal, Gallup

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Is the World Better for Gay People Than It Was 10 Years Ago?

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Half of the world’s adults (50%) now say their city or area is a “good place” for gay or lesbian people to live — a figure that has doubled over the past decade and represents a new high in Gallup World Poll’s trend dating back to 2005.

The latest figure, based on surveys in 110 countries and areas in 2021, reaffirms several other global studies that show acceptance appears to be growing across the world. CONTINUED

Justin McCarthy, Gallup

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