January 11, 2024

Most Americans aren't feeling the good economic news

Axios - Republicans, rural Americans, renters, women and single people feel like they're in a big fat funk financially, according to the debut installment of the new Axios Vibes survey, conducted with The Harris Poll. It's not what voters see — the economy's improving, with rising wages and low unemployment. It's how they feel that could tank President Biden in November. 76% of respondents agreed with this statement: "Economists may say things are getting better, but we're not feeling it where I live."

88% of respondents agree with this statement: "Gas, groceries and housing costs — not stocks — are the real economic indicators I care about."  37% of Americans rate their financial situation as poor. That climbs to 42% for Republicans, 43% for women, 46% for people living in rural areas, 47% for singles and 57% for renters.

  • The online poll included 2,120 U.S. adults, with a margin of error of ±2.8 points.
  • Life, particularly groceries and rent, is indeed a lot more expensive than it was a few years ago.
  • But overall, a near-record share of Americans are working — and they're confident enough in their prospects that consumer spending keeps on rising.

Groceries are the top way (72%) Americans say they feel inflation in their daily lives, followed by gas prices (56%)

1 comment:

Greg Gerritt said...

The Republican propaganda machine has been running full time for years, but the facts are that people are always doing better under Democratic governance as when they tax the rich more than the poor the economy works better. maybe changing the tax balance would help.