{"id":223324,"date":"2024-04-12T19:14:21","date_gmt":"2024-04-12T19:14:21","guid":{"rendered":"https:\/\/michigandigitalnews.com\/index.php\/2024\/04\/12\/american-armageddon-more-people-believe-the-economy-will-kill-the-u-s-for-good-and-thats-bad-news-for-joe-biden\/"},"modified":"2025-06-25T17:18:43","modified_gmt":"2025-06-25T17:18:43","slug":"american-armageddon-more-people-believe-the-economy-will-kill-the-u-s-for-good-and-thats-bad-news-for-joe-biden","status":"publish","type":"post","link":"https:\/\/michigandigitalnews.com\/index.php\/2024\/04\/12\/american-armageddon-more-people-believe-the-economy-will-kill-the-u-s-for-good-and-thats-bad-news-for-joe-biden\/","title":{"rendered":"American armageddon: More people believe the economy will kill the U.S. for good\u2014and that\u2019s bad news for Joe Biden"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<p>Between earthquakes popping up in unusual places, murder hornets making a brief debut a couple years ago (remember those?) and the price of a <a href=\"https:\/\/fortune.com\/2024\/03\/26\/trader-joes-banana-price-increase\/\" target=\"_self\" rel=\"noopener\" class=\"sc-d963e821-0 eclfSM  \">Trader Joe\u2019s banana<\/a> rising for the first time in decades, the world seems to be increasingly unpredictable. Much like a Mentos mint popped into a Coke bottle, the pressure is bubbling and potentially set to burst.<\/p>\n<div>\n<p>But the prime fear among doomsday preppers is less out-of-this-world, like an alien invasion or zombie apocalypse; rather, it takes place on Wall Street\u2019s doorstep.\u00a0<\/p>\n<p>A third (33%) of Americans fear the end of the U.S. will be the result of a total economic collapse that ripples across the nation, according to a poll released by <a href=\"https:\/\/www.ipsos.com\/en-us\/news-polls\/consumer-behavior-time-covid-19\" target=\"_blank\" rel=\"noopener\" class=\"sc-d963e821-0 eclfSM  \">Ipsos\u2019 Consumer Tracker<\/a>. Other apocalyptic anxieties revolve around World War III (25%), climate change (19%), another pandemic (12%), and killer robots (2%). A portion of respondents (6%) say none of the above\u00a0 are on their minds when they fear the end.<\/p>\n<div class=\"wp-block-image\" style=\"margin:auto;max-width:1024px\"><span style=\"box-sizing:border-box;display:block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:relative\"><span style=\"box-sizing:border-box;display:block;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;padding-top:56.34765625%\"\/><img alt=\"\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/yH5BAEAAAAALAAAAAABAAEAAAIBRAA7\" decoding=\"async\" data-nimg=\"responsive\" style=\"position:absolute;top:0;left:0;bottom:0;right:0;box-sizing:border-box;padding:0;border:none;margin:auto;display:block;width:0;height:0;min-width:100%;max-width:100%;min-height:100%;max-height:100%;object-fit:cover;background-size:cover;background-position:0% 0%;filter:blur(20px);background-image:url(&quot;data:image\/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAEAAAABCAYAAAAfFcSJAAAADUlEQVR42mO8fv1mPQAIHAMIsIR6agAAAABJRU5ErkJggg==&quot;)\"\/><noscript><img alt=\"\" loading=\"lazy\" decoding=\"async\" data-nimg=\"responsive\" style=\"position:absolute;top:0;left:0;bottom:0;right:0;box-sizing:border-box;padding:0;border:none;margin:auto;display:block;width:0;height:0;min-width:100%;max-width:100%;min-height:100%;max-height:100%;object-fit:cover\" sizes=\"100vw\" srcset=\"https:\/\/fortune.com\/img-assets\/wp-content\/uploads\/2024\/04\/Screenshot-2024-04-12-at-1.58.42PM.png?w=320&amp;q=75 320w, https:\/\/fortune.com\/img-assets\/wp-content\/uploads\/2024\/04\/Screenshot-2024-04-12-at-1.58.42PM.png?w=480&amp;q=75 480w, https:\/\/fortune.com\/img-assets\/wp-content\/uploads\/2024\/04\/Screenshot-2024-04-12-at-1.58.42PM.png?w=576&amp;q=75 576w, https:\/\/fortune.com\/img-assets\/wp-content\/uploads\/2024\/04\/Screenshot-2024-04-12-at-1.58.42PM.png?w=768&amp;q=75 768w, https:\/\/fortune.com\/img-assets\/wp-content\/uploads\/2024\/04\/Screenshot-2024-04-12-at-1.58.42PM.png?w=1024&amp;q=75 1024w, https:\/\/fortune.com\/img-assets\/wp-content\/uploads\/2024\/04\/Screenshot-2024-04-12-at-1.58.42PM.png?w=1280&amp;q=75 1280w, https:\/\/fortune.com\/img-assets\/wp-content\/uploads\/2024\/04\/Screenshot-2024-04-12-at-1.58.42PM.png?w=1440&amp;q=75 1440w\" src=\"https:\/\/fortune.com\/img-assets\/wp-content\/uploads\/2024\/04\/Screenshot-2024-04-12-at-1.58.42PM.png?w=1440&amp;q=75\"\/><\/noscript><\/span><figcaption>Americans can\u2019t agree on why the nation might fall.<\/figcaption><p>Courtesy of Ipsos<\/p>\n<\/div>\n<p>With an election on the horizon, the nation\u2019s feelings towards finances could be a thorn in President Biden\u2019s side as he seeks to hold onto his job for another four years. America, a relatively young nation, is an especially odd spot as it goes through growing pains\u2014or the <a href=\"https:\/\/www.aljazeera.com\/opinions\/2020\/8\/19\/the-end-of-american-history-begins-in-america\" target=\"_blank\" rel=\"noopener\" class=\"sc-d963e821-0 eclfSM  \">end of an era<\/a>, depending on who you ask.\u00a0<\/p>\n<p>As <a href=\"https:\/\/www.pewresearch.org\/short-reads\/2022\/03\/10\/the-polarization-in-todays-congress-has-roots-that-go-back-decades\/\" target=\"_blank\" rel=\"noopener\" class=\"sc-d963e821-0 eclfSM  \">polarization<\/a> increases especially in a radicalized <a href=\"https:\/\/www.washingtonpost.com\/politics\/2024\/04\/08\/republican-party-authoritarian\/\" target=\"_blank\" rel=\"noopener\" class=\"sc-d963e821-0 eclfSM  \">right<\/a>, satisfaction with the nation\u2019s democracy reaches <a href=\"https:\/\/news.gallup.com\/poll\/548120\/record-low-satisfied-democracy-working.aspx\" target=\"_blank\" rel=\"noopener\" class=\"sc-d963e821-0 eclfSM  \">a record low<\/a>. Fittingly, the different parties foresee different chaos scenarios.\u00a0 While on average a third of Americans are focused on economic turmoil, Republicans are more concerned than Democrats at 48% and 22%, respectively. Independents stand at 37%. Democrats are most concerned about climate change at 32%. That shifts to just 6% for Republicans and 12% for independents. While becoming a partisan issue, the earth is in crisis mode as the U.N. climate chief <a href=\"https:\/\/www.reuters.com\/world\/un-climate-chief-says-two-years-save-planet-2024-04-10\/\" target=\"_blank\" rel=\"noopener\" class=\"sc-d963e821-0 eclfSM  \">warned<\/a> that we have two years to really mobilize before climate change worsens.<\/p>\n<p>After years of inflation that outpaced wages, Americans are <a href=\"https:\/\/www.axios.com\/2024\/02\/05\/wages-outpacing-inflation\" target=\"_blank\" rel=\"noopener\" class=\"sc-d963e821-0 eclfSM  \">finally catching a break<\/a> but many are still feeling a residual sting. <a href=\"https:\/\/news.gallup.com\/poll\/473132\/economic-pessimism-persists-inflation-key-concern.aspx\" target=\"_blank\" rel=\"noopener\" class=\"sc-d963e821-0 eclfSM  \">Cynicism pervades<\/a> as many deal with oversized student loans, grapple with financial instability, and face an uphill battle to afford incredibly pricey life milestones like buying a house, having kids, or retiring. Despite relative gains\u2014especially in the working-class fields as bolstered by union success\u2014the true <a href=\"https:\/\/fortune.com\/2022\/11\/02\/american-middle-class-losing-wealth\/\" target=\"_self\" rel=\"noopener\" class=\"sc-d963e821-0 eclfSM  \">middle class<\/a> has wavered in an age of <a href=\"https:\/\/fortune.com\/2024\/03\/18\/gilded-age-layoffs-ceos-shareholders-corporate-profits-inequality\/\" target=\"_self\" rel=\"noopener\" class=\"sc-d963e821-0 eclfSM  \">high inequality<\/a>.\u00a0<\/p>\n<p>\u201cThe economy\u2019s performance and any economic disasters loom large in the public\u2019s mind. Whether Americans notice and benefit from an improving economy will be an important piece to Biden\u2019s success over the next seven months,\u201d Sarah Feldman, senior data journalist, tells <em>Fortune<\/em>. \u201cBut, for right now, the president\u2019s marks on the economy are weak, and he needs inflationary pressure to ease to get on better footing with the public here.\u201d<\/p>\n<p>Of course, the data shows the U.S. economy is stronger than it may feel to many Americans, as economists often note. But people are still feeling down, reeling from a pandemic and continually looming recessions, so the Biden administration will absorb much of the blame. In general, the political party in power tends to take a hit during times of economic malaise. (That said, a new paper from left-leaning think-tank <a href=\"https:\/\/www.epi.org\/publication\/econ-performance-pres-admin\/\" target=\"_blank\" rel=\"noopener\" class=\"sc-d963e821-0 eclfSM  \">Economic Policy Institute<\/a> says economic performance tends to be stronger when Democrats are in power.)<\/p>\n<p>Second on everyone\u2019s list of potential disasters is another worldwide war, at 25% total and almost equal concern across all parities. Indeed, Americans are constantly hearing about socio-economic turmoil, war, and genocide. It\u2019s another point of contention for the election, as Biden\u2019s inaction on Israel has <a href=\"https:\/\/www.cnn.com\/2023\/12\/19\/politics\/biden-poll-israel-gaza-young-voters\/index.html\" target=\"_blank\" rel=\"noopener\" class=\"sc-d963e821-0 eclfSM  \">disenchanted<\/a> some of his past voters (especially younger ones).<\/p>\n<p>One thing is for sure, America\u2019s plate is full when it comes to all its burgeoning crises or brewing anxieties. And the next senior citizen to take the reins of the troubled nation will have to deal with how much people pay for groceries before we tackle the less-apparent problems like killer robots.\u00a0<\/p>\n<\/div>\n<div data-cy=\"subscriptionPlea\">Subscribe to the CEO Daily newsletter to get the CEO perspective on the biggest headlines in business. <a href=\"https:\/\/www.fortune.com\/newsletters\/ceo-daily?&amp;itm_source=fortune&amp;itm_medium=article_tout&amp;itm_campaign=ceo_daily\" target=\"_self\" rel=\"noopener\" class=\"sc-d963e821-0 eclfSM  \">Sign up<\/a> for free.<\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/fortune.com\/2024\/04\/12\/american-armageddon-economic-collapse-biden-presidency-ipsos-poll\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] Between earthquakes popping up in unusual places, murder hornets making a brief debut a couple years ago (remember those?) and the price of a<\/p>\n","protected":false},"author":1,"featured_media":223325,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[149],"tags":[],"_links":{"self":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts\/223324"}],"collection":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/comments?post=223324"}],"version-history":[{"count":0,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts\/223324\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/media\/223325"}],"wp:attachment":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/media?parent=223324"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/categories?post=223324"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/tags?post=223324"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}