April 15, 2009
4/15: Future of the Economy
More Americans Optimistic About Nation’s Course
For the first time this year, more Americans — 49% — see the country moving in the right direction compared with 40% who think things are heading the wrong way. This includes a majority of registered voters — 52% — who feel the country’s course is back on track.
But, that’s most of the good news. For starters the partisan divide is wide. Although 80% of Democrats are pleased with the country’s trajectory, only 20% of Republicans share this view. Instead, 63% of GOP’ers believe things are moving in the wrong direction. Independents, as a group, are more torn than are the party faithful. A slim majority — 51% — describes the country as moving in a positive direction, and 41% see it going the wrong way.
Economy Leveled Off?
Even though 47% of Americans believe the economy has reached an equilibrium getting neither better nor worse, more than one-third feels things haven’t bottomed out yet. Only 18% feel the economy has turned the corner and is on an upswing. Most people — 78% — believe we are in for a long haul and don’t expect the economic picture to turn around for at least a year.
Personal Economic Outlook
Americans are barely more optimistic about their own prospects. Half believe their personal finances will stay steady in the coming year. The rest divide. 28% see their economic future getting better, and 22% anticipate their finances will be worse in a year’s time. People under 45 are more hopeful than are their older counterparts. 39% of adults under 45 believe their finances will improve in the coming year while only 20% of people 45 years of age or older think things will be better for themselves.
Jobs Most Important
There is one thing most Americans do agree upon — unemployment is the most important economic concern for the U.S. economy. 59% of Americans, including nearly two-thirds of those with an annual family income of less than $50,000, point to jobs as the most pressing issue facing the economy. 75% say they personally know someone who has lost their job in the past six months.
Additional Economic Links:
Watch Lee Miringoff break down Americans’ views on the economy during his appearance on FoxBusiness: