Latest IBD/TIPP Poll Finds That as Inflation Concerns Rise, Economic Optimism Plunges
After a modest rise in October, the Presidential Leadership Index plummeted once again, moving from 51.0 last month to 46.0 this month -- a 9.8% drop. This also returns the index to negative territory. The Favorability and Job Approval components fell by double digits, 10.3% and 10.2% respectively, placing all index components in negative territory as Favorability (47.1) drops below 50.0 for the first time in Biden’s presidency.
- The IBD/TIPP Economic Optimism Index , a leading national poll on consumer confidence, fell another 6.2% as it continues a five-month descent.
- Inflationary concerns are driving worrisome economic trend lines, said Ed Carson, IBD's news editor.
- Confidence in Federal Economic Policies, a proprietary IBD/TIPP measure of views on how government economic policies are working, dropped the most at 9.3%.
- The IBD/TIPP Economic Optimism Index is based on a survey of about 1,300 adults conducted using a network of online panels.