August 12, 2011
8/12: Americans Dismal About Economy’s Future…Obama Not Faulted for Financial Picture
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.
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.
- 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)
Table: Current Economic Conditions Inherited
Table: Current Economic Conditions Inherited Over Time
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.
- 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)
Table: Financial Expectations for Future Generations