Experts believe the president's impact on the U.S. economy may be overstated.

• A survey by financial services company Empower found that half of Americans believe the outcome of the 2024 presidential election will have a direct impact on their personal finances.
• Experts believe the president's influence on the economy may be overstated.

A survey by financial services company Empower found that about 50% of Americans believe the outcome of the 2024 presidential election will have a direct impact on their personal finances. Meanwhile, a Gallup survey revealed that nearly all voters (99%) consider the economy as a significant factor in their vote for the next president.

"According to John Kane, a clinical associate professor of politics at New York University, voters use the economy as a metric to evaluate presidents. People can eventually form a mental image of a president as an economic expert manipulating the economy behind the scenes, with the public being the passive recipients."

Experts believe that the president's influence on the economy may be overstated.

"Politicians have a tendency to exaggerate the power of the president, which is encouraged by campaign participants who promise to solve problems, according to Mark Hamrick, a senior economic analyst at Bankrate."

Discover the extent of the U.S. president's influence on the economy by watching the video.