Americans’ belief that they are making financial progress has yet to recover after slumping last year. Forty-one percent of U.S. adults now say they are better off financially than a year ago. That is up slightly from 35% in January 2021 but still well below the record-high 59% reporting they […] Read more »
Consumer sentiment sinks to decade low
Consumer sentiment fell throughout January, posting a cumulative loss of 4.8%, sinking to its lowest level since November 2011, according to the University of Michigan Surveys of Consumers. The Delta and Omicron variants were largely responsible, but other factors, some of which were initially triggered by COVID-19, have become independent […] Read more »
Growth Is Surging in Biden’s Economy. Why Don’t Voters Feel Better?
President Biden is contending with an uncomfortable disconnect: The economy grew at the fastest pace since 1984 last year, but voters are downright pessimistic about economic conditions and their own financial prospects. The divide traces back to the lingering pandemic and high prices, economists said. … The contrast between how […] Read more »
Politico-Harvard poll: Big domestic spending bills seen as stoking inflation
Democrats trying to salvage parts of the Biden social spending agenda will find a limited number of issues that resonate with voters heading into the midterm elections, according to a POLITICO-Harvard survey that shows significant concern over whether big-ticket items could lead to more inflation. Respondents think free universal pre-K, […] Read more »
Americans Expect Inflation to Persist Over Next Six Months
More Americans expect several key U.S. economic trends to continue in the direction they have generally gone over the past several months rather than to reverse course. This includes predictions of rising inflation, rising stock values and declining unemployment. CONTINUED Jeffrey M. Jones, Gallup The OPINION TODAY email newsletter is a concise daily […] Read more »
Biden Starts Year Two With Diminished Public Support and a Daunting List of Challenges
Joe Biden began his presidency with positive job ratings and broad public confidence in his ability to deal with a number of major challenges – particularly the public health impact of the coronavirus. He starts his second year with diminished job approval and majorities expressing little or no confidence in […] Read more »