A recent Gallup survey found that only twenty-four percent of U.S. adults believe that the current economic conditions are excellent or good, with thirty-two percent describing them as only fair. This is a decrease from the previous month, with forty-four percent of respondents rating the economic conditions as poor.
Outlooks regarding the economy have dimmed across political lines in April, with Democrats seeing a four-point decline in their index score from 35 to 31 since March. Independents’ index score dropped by 10 points from -28 to -38, while Republicans had their confidence decline from -62 in March to -71.
The index representing economic confidence had dropped significantly during the early stages of the pandemic, from +41 in February 2020 to -32 in April 2020. Since then, it has only briefly reached above zero in April 2021 and June 2021 before returning to negative territory. The survey was conducted from April 1 to 22 amidst rising gas prices and inflation, a pullback in the stock market’s gains, and high interest rates. It involved 1,001 adults with a margin of error of 4 percentage points. For more information on this topic, visit The Hill’s Lauren Irwin’s article.
