It's the economy, stupid. 2024 voters say financial struggles top their concerns.

It's the economy, stupid.

The economy is the No. 1 concern for voters in the 2024 presidential election.

When asked which party front-runner they trusted more to handle the economy, 41% of those surveyed favored President Joe Biden, while 52% said they would bank on former President Donald Trump, according to a Paste BN/Suffolk University Poll in October. 

Almost 50% of those surveyed said they believe the U.S. economy is in either a recession or depression. 

“I don’t know how other people afford their lives,” Maria Suarez, 26, a hospitality manager in Philadelphia, told Paste BN. “I’m barely getting by.”

Credit card rates hit 33%. Can they even do that?

Some store credit cards now charge more than 33% interest, after blowing past a symbolic 30% threshold that retailers and banks dared not cross.

Can they even do that? The short answer: yes.

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Each weekday, The Daily Money delivers the best consumer news from Paste BN. We break down financial news and provide the TLDR version: how decisions by the Federal Reserve, government and companies impact you.