Widespread Pessimism or Glimmers of Hope? US Consumer Confidence After the 2016 Presidential Election

The 2016 US presidential election can be characterized by widespread discontent with the status quo. Indeed, a supermajority of Americans see the system as broken. And strong majorities across party lines believe that America is on the “wrong track”.

However, American consumer confidence has strongly rebounded since the Great Recession (bottomed in 2009), showing especially strong growth over the last few years ….

The empirical evidence here leads to a key question: How can Americans be confident about the economy but believe America is on the wrong track? CONT.

Clifford Young, Ipsos Public Affairs