Views of the national economy have soured over the year while Americans’ evaluation of their own personal finances have not changed. Still, many Americans report financial challenges. Most are facing growing household expenses while fewer say their income has increased. Recent increases in the prices of goods and services are having an impact on most Americans with many changing spending and saving practices.
Thirty-five percent of Americans describe national economic conditions as good, down from 47% in June. The public’s view of the overall economy continues to be influenced by their political identification. In June, 63% of Democrats said the economy was good, while 68% of Republicans described it as poor. Now, 55% of Democrats think the national economy is in good condition, while 85% of Republicans say it is in poor shape. CONTINUED
AP-NORC Center for Public Affairs Research
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