US President Joe Biden speaks during a DNC rally in Miami Gardens, Florida, US, on Tuesday, Nov. 1, 2022.Eva Marie Uzcategui | Bloomberg | Getty ImagesAnxiety over the cost of living and the direction of the economy could prove costly to President Joe Biden and his fellow Democrats in Tuesday’s election. Recent surveys show consumer sentiment has risen only modestly and remains well below where it was a year ago, when inflation worries first began to grip policymakers, shoppers and business executives.A report released Friday outlined the problem for Washington’s current ruling party. The University of Michigan, which releases a closely-watched sentiment survey each month, asked respondents who they trusted more when it came to the economy and which would better for personal finances.The result: overwhelmingly Republican.The survey of 1,201 respondents saw Republicans with a 37%-21% edge on the question of which party is better for the economy. While that left a wide swath — 37% — of consumers who don’t think it makes a difference, the disparity of …
