According to a recent poll conducted by The Associated Press-NORC Center for Public Affairs Research, U.S. adults are showing increased optimism about the national economy. The survey found that 35% of respondents now consider the economy to be in good shape, compared to 30% late last year and 24% a year ago. However, despite this positive trend, the majority of Americans, 65%, still perceive the economy as poor, albeit an improvement from 76% a year ago.

Voters' confidence in the economy is expected to play a pivotal role in the upcoming presidential election, as it consistently ranks as a top issue. The economy's performance under President Joe Biden's administration has been a subject of discussion, with some pointing to positive data indicating growth acceleration and a decrease in inflation closer to the Federal Reserve's target of 2%.

President Biden and his team have been emphasizing the positive aspects of the economy, particularly as consumer sentiment rebounds. However, the evidence of a stronger economy has not yet translated into higher approval ratings for the president. According to the poll, Biden's approval rating stands at 38%, which has remained relatively consistent over the past two years. His approval rating on handling the economy is also similar, at 35%.

The survey revealed that respondents often base their views on the economy through a personal lens, considering factors such as grocery bills, gas prices, housing prices, job prospects, and the federal debt. Molly Kapsner, a Wisconsin resident, expressed her optimism, citing her children's job options after finishing college. On the other hand, David Veksler, a software engineer manager from Denver, voiced concerns about the rising federal debt and expressed negativity towards both Biden and former President Donald Trump.

The poll also highlighted a divide along party lines when it comes to the economy. Democrats are far more likely to describe the economy as good, with 58% holding that opinion compared to 15% of Republicans. However, views have improved slightly when compared to the same period last year, where 41% of Democrats and 8% of Republicans considered the economy good. Additionally, 65% of Democrats approve of Biden's handling of the economy, whereas only 7% of Republicans share that sentiment.

Notably, the survey also revealed a brighter outlook on the economy among key voter demographics, including college graduates and older adults. However, it remains uncertain whether voters will prioritize the state of the economy or the personalities of the Democratic and Republican nominees in the upcoming election.

As the presidential race gears up, analysts predict that the economy will remain a central issue. While a growing number of Americans view the economy positively, it remains to be seen whether this sentiment will translate into increased support for President Biden or impact the outcome of the election.