People feel pretty good about personal finances right now

If this year's presidential election is about "the economy, stupid," then things could be looking for President Donald Trump.

How people feel about the economy has long been tied to who they vote for, and a reminder of the phrase coined by James Carville in 1992 during Bill Clinton's presidential bid against incumbent George H. W. Bush.

Currently, 49% of Americans would say their personal finances are “good” or even “excellent.” 32% think their finances are “fair,” and only 17% think their finances are in bad shape. Overall, 23% of voters think their personal finances are getting better, 26% say they're getting worse, and 49% say theirs are staying about the same. The health of the economy, and personal finances, will be major players in the upcoming election

Overall, the view of the economy in general is still pessimistic. There is still time for the tables to turn, but right now, polls are showing that Biden is in the lead. One of Scott Rasmussen's polls has Trump's approval rate sitting at 44% as of July 12. Scott Rasmussen explains how personal finances, and the economy in general, could sway the upcoming election in his new Number of the Day podcast.

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