Growing Majority of Americans Living Paycheck to Paycheck Even as Biden Boasts Success of ‘Bidenomics’

Surveys showed that a growing majority of Americans are living paycheck to paycheck and that most say the economy has deteriorated over President Biden’s tenure.

People shop for bread at a supermarket in Monterey Park, Calif., on Oct. 19, 2022. Frederic J. Brown/AFP via Getty Images

While President Joe Biden touted job creation and other apparent economic successes of his “Bidenomics” policies in a Labor Day speech, surveys show that a growing majority of Americans are living paycheck to paycheck and that most say the economy has deteriorated during the president’s tenure.

The president talked up his economic policies in a speech to union workers in Philadelphia on Sept. 4, while two separate surveys show that a majority of Americans believe the economy has gotten worse over the past two years.