‍Recent consumer sentiment data highlight a challenging economic perception among Americans.

The University of Michigan consumer sentiment index fell for the third consecutive month to 65.6 in June 2024, marking the lowest level since November.

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This decline reflects rising concerns over high prices and weakening incomes, with assessments of personal finances and current economic conditions both deteriorating.

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Biden's approval ratings mirror this sentiment, with a significant disapproval rate of 56.5% as of June 12, compared to an approval rate of 38.0%.

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Notably, lower-income households express higher disapproval (60%) than those earning above $75K (58%), showing widespread economic dissatisfaction.

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The alignment between low consumer sentiment and Biden's declining approval ratings emphasizes the economic challenges faced by his administration.

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