The milestone provides yet more evidence that the economic rebound from the pandemic is gaining steam.
Among those with incomes under $50,000 annually, only 50% say the economy is in good shape, compared with 58% among those with higher incomes.
Moreover, 45% of Americans say economic conditions are somewhat or very poor, down from a pandemic-era peak of 65% last May.
51% approve of Biden on the economy
The fact that so many people are still struggling shows why the White House is urging Congress to spend aggressively to revitalize the economy and ensure a more equitable recovery.
Biden’s approval rating for handling the economy breaks positive in the CNN poll, with 51% approving and 42% disapproving.
By last May, a majority of Americans in CNN polling said that economic conditions were somewhat or very poor.
Fastest growth since Reagan?
But the economic recovery from the pandemic is now gaining steam, boosted by the swift rollout of vaccines, the lifting of health safety restrictions and unprecedented help from Washington.
Signs of economic progress abound. Weekly jobless claims remain elevated but they have tumbled to the lowest levels since the pandemic started. The stock market surged back to record highs and the rally continued after Biden took office. The S&P 500 is up more than 8% since Inauguration Day.
Economists predict the US economy grew at an annualized rate of 6.1% during the first three months of 2021.
The CNN poll was conducted by telephone April 21 through 26 among a random national sample of 1,004 adults. Results for the full sample have a margin of error of plus or minus 3.6 points.