Bidenomics Failure Shows Up At Polls As Gen-Z Revolts Against Democrats
It is no surprise that a new Gallup poll shows a growing number of Gen-Zers and millennials are becoming increasingly frustrated with the failure of 'Bidenomics' as they struggle with the cost-of-living crisis.
We didn't need a poll to reveal the frustrations of youngsters working two or three jobs just to afford rent, auto payments, and avocado and toast. The writing has been on the wall, especially on social media feeds of TikTok and X:
The struggle is real for the new generation, which is just now learning that working a 9-5 isn’t as easy as college. pic.twitter.com/FvAeYkTddt
A lot of people seem to think this mindset is unique to Gen Z. It’s not.
Every generation goes through this. Watch Reality Bites, where a group of 20-somethings in the early 90s deal with the exact same struggles and emotions as described in this video.
The Gen-Z girl who complained about the 9-5 work schedule has a comment for Business Insider (which tried to find out where she works) about the stress of finding a job as a post-grad. She's got a point. pic.twitter.com/4ExfWrELLF
The new Gallup poll of 18-29-year-olds validates the Biden administration, which seemingly cares more about illegal aliens and the LGBTQQIP2SAA community (not sure what all those letters mean), is quickly losing the young vote.
People in that age cohort are more than twice as likely to cite the economy as their top concern compared with older adults in recent Gallup data. And while all voters are more worried about the economy now than they were heading into the 2020 presidential election, the pessimism has spiked the most among those under 30. -Bloomberg
It's a wake-up call for the Biden administration. A recent Bloomberg News/Morning Consult poll reveals a surprising trend: Former President Trump is leading President Biden 47% to 40% among voters 18-34 in swing states. This is a significant shift from the last presidential cycle when Biden won 61% of voters under 30.
The Biden administration understands they desperately need Gen-Z and millennial support to win in November. They are trying everything in their power to buy votes by bailing out youngsters with student debt (despite the Supreme Court ruling).
Youngsters are coming of age in one of the worst economic periods this nation has seen in a generation. Elevated inflation is crushing household finances.
With the election cycle well underway, there are mounting risks inflation could accelerate once again, and gas prices at the pump are rising.
Bidenomics has been a colossal failure, and young people are seeing that and are furious with the elderly, senile president who should be in a retirement home. Young people are beginning to understand they might never be able to afford the average American home as that dream died a long time ago. These frustrations are showing up in the polling data.
Loading...
NEVER MISS THE NEWS THAT MATTERS MOST
ZEROHEDGE DIRECTLY TO YOUR INBOX
Receive a daily recap featuring a curated list of must-read stories.
Want more of the news you won't get anywhere else?
Sign up now and get a curated daily recap of the most popular and important stories delivered right to your inbox.
DOGE is ripping through federal spending with trillion-dollar targets and historic job cuts—but TS Lombard isn’t buying the hype. Its bold claims rest on shaky evidence and could spark a recession—what happens if this gamble backfires?
Europe vs US is done. Valuation gap closed (SAP 40x, GOOG 18.5x), US tech no longer an obvious sell, and massive Q-end flows coming — valuations, flows, and seasonality all say the same thing: buy US, fade Europe.
Markets are breaking out, positioning is washed out, and $30bn in quarter-end flows could light the fuse. SPX and NASDAQ are above key trend lines, while hedge fund longs sit at 5-year lows — plenty of squeeze fuel here.