8/12: Americans Dismal About Economy’s Future…Obama Not Faulted for Financial Picture

August 12, 2011 by  
Filed under Featured, Money, Money Vault, State of the Economy

Americans have become significantly more pessimistic about the U.S. economy.  According to this national McClatchy-Marist Poll, nearly seven in ten adults nationwide — 68% — believe the worst of the country’s economic conditions are yet to come.  27% say the worst is behind us, and 6% are unsure.

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Click Here for Complete August 12th, 2011 USA McClatchy-Marist Poll Release and Tables

There has been a 15 percentage point increase in the proportion of Americans who believe there is more bad economic news in the country’s future.  In McClatchy-Marist’s July survey, 53% believed this to be true while 42% reported the worst of the nation’s economic problems were behind us.  Six percent, at the time, were unsure.

Key points:

  • Among registered voters, about two-thirds — 66% — have a negative view of the future of the economy.  28% have a more positive outlook, and 5% are unsure.
  • Republican voters — 75% — and independent voters — 71% — think the U.S. economy will get worse.  This compares with 57% of Democrats.
  • Regardless of region, there is an increased sense of pessimism.  However, the largest change has occurred in those living in the West.  68% of these Americans now say the worst is yet to come, a 23 percentage point change from the 45% who reported the same last month.  72% of those in the South, 65% of residents in the Midwest, and 62% of Americans in the Northeast think the economy will decline.  In July, those proportions stood at 58%, 59%, and 45%, respectively.

However, nearly six in ten registered voters — 59% — still don’t blame President Barack Obama for the nation’s current economic conditions.  About one-third — 33% — believe today’s tentative economic conditions are a result of the president’s policies, and 8% are unsure.

In McClatchy-Marist’s June survey, 61% thought the president inherited the country’s economic conditions, and 31% said they stemmed from the president’s initiatives.  Nine percent, at the time, were unsure.

Table: U.S. Economy – Will It Get Worse?

Table: U.S. Economy – Will It Get Worse? (Over Time)

Trend Graph: Will U.S. economy get worse?

Click on the graph to enlarge the image.

Table: Current Economic Conditions Inherited

Table: Current Economic Conditions Inherited Over Time

Trend graph: Current economic conditions inherited?

Click on the graph to enlarge the image.

Few Expect Improvements in Finances…Many Think Future Gen’s Will Be Worse Off

Only one in four Americans — 25% — believe their personal family finances will get better in the coming year while 26% say they will get worse.  Nearly half — 49% — report they will stay about the same.  Little has changed on this question since McClatchy-Marist’s July survey when 28% said their financial picture would improve, 20% said it would get worse, and 52% thought it would remain the same.

And, many Americans are pessimistic about the financial situation of future generations.  61% say they will be worse off while 16% believe they will be better off.  23% think they will have a similar financial situation to people today.

Key points:

  • Registered voters have similar views.  64% say future generations will be worse off, 14% think they will be better off, and 23% think they will be about the same as the present.
  • Republican voters — 73% — and independent voters — 67% — are more likely to be pessimistic about the finances of future generations than Democrats — 54%.
  • While 68% of those 60 or older, 63% of Americans 45 to 59, and 63% of residents 30 to 44 years old expect tougher times for generations to come, only 42% of those under 30 say the same.

Table: Your Personal Family Finances – Better, Worse, or the Same?

Table: Your Personal Family Finances – Better, Worse, or the Same? (Over Time)

Trend Graph: Your personal family finances.

Click on the graph to enlarge the image.

Table: Financial Expectations for Future Generations

McClatchy-Marist Poll Methodology

Comments

7 Responses to “8/12: Americans Dismal About Economy’s Future…Obama Not Faulted for Financial Picture”

  1. Americans Still Don’t Blame Obama for Poor Economy – Americas Review on August 12th, 2011 11:48 am

    [...] new McClatchy-Marist Poll finds 68% of American adults believe the worst of the country’s economic conditions are yet [...]

  2. Americans Still Don’t Blame Obama for Poor Economy | Hotspyer – Breaking News from around the web on August 12th, 2011 12:03 pm

    [...] new McClatchy-Marist Poll finds 68% of American adults believe the worst of the country’s economic conditions are yet [...]

  3. Polling Fix : Delaware Liberal on August 12th, 2011 1:02 pm

    [...] new McClatchy-Marist Poll finds 68% of American adults believe the worst of the country’s economic conditions are yet to [...]

  4. Timothy D. Naegele on August 13th, 2011 2:23 pm

    Of course the worst is yet to come, between now and the end of this decade. Among other things, housing prices will fall at least another 50 percent; and more Americans will lose their homes, and suffer greatly.

    Barack Obama will not be reelected; and instead, he will retreat either to Chicago or Hawaii no later than January of 2013, to lick his political wounds and write his memoirs, and work full time on his presidential library.

    It cannot happen fast enough, for the good of the United States and the American people!

    See http://naegeleblog.wordpress.com/2010/12/03/barack-obama-is-a-lame-duck-president-who-will-not-be-reelected/#comment-1778 (see also the article itself, as well as the footnotes and other comments beneath it)

  5. POLITICAL WIRE’S HEADLINES – 8/15 « Accomack County Democrats on August 14th, 2011 10:26 pm

    [...] new McClatchy-Marist Poll finds 68% of American adults believe the worst of the country’s economic conditions are yet [...]

  6. steven on September 9th, 2011 5:05 pm

    Obama needs to be kicked out. He hasnt accomplished anything he set out to..

  7. Herbata on January 10th, 2012 9:39 am

    “Obama needs to be kicked out. He hasnt accomplished anything he set out to..” Can’t disagree that.

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