About 50% of Americans believe the outcome of the 2024 presidential election will directly impact their personal finances, according to a survey by financial services company Empower. About 99% of voters in Gallup’s survey said the economy was at least somewhat important in influencing their vote for the next president.
“Voters absolutely look to the economy as a metric to evaluate a president,” said John Cain, clinical associate professor of political science at New York University. “People end up seeing this picture in their mind of a president who is an economic wizard behind the scenes pulling levers that we all Just a victim.”
But experts believe the president’s power over the economy may be exaggerated.
“There is a tendency in our society, led by politicians, to exaggerate the power that the president wields,” said Mark Hamrick, senior economic analyst at Bankrate. “Attendees of these events encourage that: ‘You have a problem? I’ll fix it.’ “
watch video Use the above content to understand how much influence the US president has on the economy.
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