As the congressional elections approach, the CNBC All-America Economic Survey indicates that 80% of Americans view the economy as fair or poor, the highest since December 2023. This sentiment is particularly pronounced among Democrats and independents, with a notable increase in pessimism among Republicans, now at 35%.
Overall, 63% of respondents express economic pessimism, a slight increase from July. The survey shows a preference for Democratic control of Congress at 52% to 45%, reflecting a three-point gain for Democrats since July. Voter interest in the midterms is higher among Democrats (72%) compared to Republicans (62%), with women showing greater interest than men.
Key issues driving voter sentiment include government corruption and rising costs of food and gas, where Democrats are perceived to perform better. Trump's economic approval rating has dropped to 34%, the lowest of his presidency, with a disapproval rate of 65%.
The survey highlights a shift in voter attitudes that could pose challenges for Republican candidates, particularly in competitive Senate races where Democrats hold a slight edge. Concerns about rising prices are prevalent, with 57% of respondents citing costs of food, gas, and housing as their top worry.
The findings suggest a potential shift in voter dynamics as the election nears, with implications for both parties' strategies