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Biden's Approval Rating Continues To Languish Below 40% Benchmark

US

President Biden's approval rating continues to track below the symbolic 40% benchmark, despite a recent uptick in economic confidence, according to data for 538.

  • Gallup noted in their most recent nationwide survey: "Several key indicators of the 2024 election environment indicate that President Joe Biden faces an uphill climb to win a second term. His job approval rating, Americans’ satisfaction with how things are going in the country and their confidence in the economy are below the levels associated with successful reelection bids in recent elections."
  • According to ElectionBettingOdds, an aggregator of data from betting and prediction markets, former President Donald Trump has been attributed an implied probability of over 50% of winning the presidential election in November since late January - compared to just over 30% for Biden.

Figure 1: President Biden Approval Rating

Source: 538

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