Recent Gallup Poll Reports Financial Optimism

image
Published: 26 Oct, 2012
2 min read
Credit: rodderzw

A recent Gallup poll reports thirty-eight percent of Americans feel they are better off financially today than they were a year ago. Compared to the thirty-four percent who claimed to be worse off, this represents a slight improvement in the public's perception of the economy. During President Obama's first year in office a majority of Americans, fifty-four percent, said they were worse off than the previous year. The economy has been recovering slowly, but polls are showing that many Americans are optimistic about improvement in their financial situations over the next year.

38% of Americans feel better offWhile the poll results reflected this newfound optimism, it also revealed a large partisan divide when it comes to the attitude of the country's current finances. Sixty-two percent of Democrats said that they were better off, compared to thirty-four percent of independent voters, and sixteen-percent of Republicans. Similarly, Democrats were the most optimistic group about their financial future, while Republicans remain the most tentative. Although the attitude amongst the major parties are rather polarized, independents are mostly optimistic when it comes to their outlook on American's economic growth and future.

A positive outlook towards economic improvement, however, is not reflective of confidence in future leadership and a majority of independents remain skeptical of both Obama's and Romney's economic plans.

Both candidates' economic platforms, as well as policy critiques and claims, came under close scrutiny by fact-checkers during the presidential debates. The hyperbolic claims made in debate left many doubting the ability of the major parties to effectively stimulate the economy. In a focus group, independents seemed to think that Obama did "little things," such as rein in the credit card companies, that seemed to help the economy, but that he couldn't be fully credited with the recent economic growth.

The results of polls are largely partisan driven. Affiliation with Democratic party is at thirty-four percent, which is slightly less than the percentage of people who consider themselves better off. This parallels another Gallup Poll which contrasts the satisfaction of Americans with the status quo. Democrats are much more likely to be satisfied with the "way things are going," when compared to independents and Republicans. With sixty-eight percent of the independent population unsatisfied with the state of America, Romney and Obama will have to be more specific in their plans for the economy in order to win over people's votes. If the candidates remain elusive with their policies, the question "are you better off?" will remain a partisan divide.

 

You Might Also Like

Hillcrest
'Build, Baby, Build!' is NOT the Answer to Housing Crises
Can San Diego build its way out of its three-part housing crisis – supply, affordability and homelessness? Some of elected officials think so and are leading the charge. I have been in the real estate industry for 50-plus years, and I say they are on the wrong track....
27 Oct, 2025
-
4 min read
Isn't It Weird That Congress Feels No Urgency to Re-Open the Government?
Isn't It Weird That Congress Feels No Urgency to Re-Open the Government?
The U.S. has entered Day 22 of the latest government shutdown with no end in sight. As pundits expect it to surpass the 35-day record set during Trump’s first term, a new Gallup poll shows voters’ approval of Congress has plummeted in the last month. Yet, for congressional leaders, there isn’t any urgency to re-open the government. House Speaker Mike Johnson and Minority Leader Hakeem Jeffries trade jabs back and forth in the media, but the blame game continues to be prioritized over solutions....
22 Oct, 2025
-
5 min read
Proposition 50 voter guide
California Prop 50: Partisan Power Play or Necessary Counterpunch?
November 4 marks a special election for what has become the most controversial ballot measure in California in recent memory: Proposition 50, which would circumvent congressional districts drawn by the state’s independent redistricting commission for a legislative-drawn map....
01 Oct, 2025
-
9 min read