https://wsj.com/articles/how-bidenomics-may-cost-biden-the-youth…
Mr. Biden won the youth vote by double digits in 2020, while seniors swung for Mr. Trump. Recent polls, however, show that seniors are now the only age group that favors Mr. Biden in a rematch. It isn’t difficult to explain the reversal. Bidenomics has exacted a massive wealth transfer from young people to seniors.
Youngsters have a more negative outlook than seniors and are also more likely to identify the cost of living as the most important issue—closely followed by the economy and jobs.
Now that the administration’s gusher of pandemic payments that fueled inflation has finally ebbed, young people are struggling financially. Credit-card delinquencies among those under 40 are the highest since 2010, according to a recent New York Federal Reserve report. Young people are about twice as likely to be overdue on their bills as seniors.
Most young people don’t own homes, and they’ve been slammed by skyrocketing rents. Nationwide rents have increased by more than 20% during the Biden presidency.
In a recent American Psychological Association survey, seniors reported less stress than they did in 2019. Young people reported more, primarily because of concerns about money, the economy and housing. I
It isn’t climate change, or the president’s age, that’s keeping them awake at night. It’s the consequences of Mr. Biden’s economic policies.
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