Fox News Poll: Voters cutting back on spending as views on economy dip

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Inflation may be cooling, but the economy is still a top concern for voters.

In addition, the latest Fox News survey finds that as views on the economy worsened this month, most voters say they’ve had to cut back on spending to afford necessities.

Three-quarters of voters (76%) have reduced spending to pay for the basics, up 5 points since October 2022 and 9 points from March 2022 when the question was first asked.

The need to change spending habits to make ends meet is widespread, but Republicans (86%), households with annual income of $50,000 or less (83%), nonwhite voters (80%), women (79%) and voters under age 30 (78%) are among those most likely to have cut back.

Meanwhile, voters are more bearish on the economy compared to last month, with 27% having a positive view and 73% a negative one for a net negative rating of 46.

Last month, it was -36 (32% positive vs. 68% negative), which was the best rating on the economy recorded during President Biden’s term so far.

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The shift can mainly be attributed to Black voters (-22) and voters under 30 (-11) feeling less enthusiastic about economic conditions compared to June.

The economy is a top concern for voters as 88% are extremely or very concerned about it – about the same number as feel that way about threats to personal rights and freedoms at