Vice President Kamala Harris has overtaken former President Donald Trump in terms of public confidence on economic issues, marking a shift in voter sentiment following President Joe Biden’s withdrawal from the 2024 presidential race.
According to a new poll for the Financial Times and the University of Michigan’s Ross School of Business, 42 percent of Americans trust Harris more on the economic issue, compared to 41 percent for Trump. This is the first time in nearly a year that the Democratic candidate has come out on top on this issue.
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Harris’ 42% represents a 7 percentage point increase from Biden’s numbers in July, while Trump’s numbers remained unchanged. Erik Gordon, a professor at the University of Michigan, told the Financial Times: “The fact that voters were more positive about Harris than Biden says as much about how badly Biden did as it does about how well Harris did.”
The poll results come against a backdrop of strong U.S. economic growth and high employment. Inflation, however, remains a top concern for voters ahead of the November election, with only 19% of respondents believing they are better off today than when Biden took office in 2021.
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Interestingly, the poll suggests that Harris may have an opportunity to distance herself from Biden’s economic policies, with 60 percent of respondents saying she should completely break away from the president’s approach or fundamentally change his program.
Despite this obvious advantage, Trump could benefit from underlying economic uncertainty. One in four registered voters rated the current economic situation as “excellent” or “good.” What’s more, 42 percent believe they would be better off if Trump won another term. In comparison, 33 percent believe they would be better off under a Harris presidency.
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The former president also remains ahead on individual issues such as trade relations with China, with 43% ahead of Harris (39%).
Thomas Gift, associate professor of political science at University College London, emphasized the importance of these numbers to Newsweek: “If Donald Trump cannot win on the core issues that have fueled his candidacy throughout the campaign – namely the economic and cost of living crisis – then his chances are slim.”
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Both candidates will need to address voters’ economic concerns as the campaign progresses. Fifty-three percent of Americans cite jobs and the cost of living as their top issues. The candidate who can convince voters of his economic acumen could have the upper hand in November.
The FT-Michigan Ross poll, conducted online August 1-5, reflects the opinions of 1,001 registered voters and has a margin of error of plus or minus 3.1 percentage points.
According to the latest poll conducted by Quantus Polls and News between August 7 and 8, Harris is narrowly ahead of Trump in the general election. The poll of 1,000 registered voters shows Harris receiving 47% of the vote, beating Trump by 1%, who received 46%.
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This article, “Better off with Harris? 42% of Americans say yes, surpassing Trump in economic confidence” originally appeared on Benzinga.com
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