Americans are upbeat about their financial health, but down on the economy, poll finds


Everybody agrees that the economy will play a big part in the 2016 presidential race, but Americans' views on economic health are complicated, a new poll from The Associated Press and NORC finds. Overall, just 42 percent of respondents said the U.S. economy is in good shape, but 66 percent say their own households are doing well financially, the poll found. Politics play some part in perceptions: Thirty-four percent of Republicans said the economy is good, versus 54 percent of Democrats. And people with a college degree — who have generally fared better after the Great Recession — are more upbeat about the economy than those without a college diploma.
AP suggests the results are a sign that Americans are still haunted by the 2007-08 financial meltdown, noting that only a third of respondents said they would be confident about getting another job if they were laid off from the one they have. On the other hand, AP reports, the 42 percent calling the economy good now is a big improvement from the 26 percent who said so in an October 2013 poll. The new poll was conducted April 14-18 with 1,008 adults, and has a sampling error of ±3.7 percentage points. You can peruse the results at AP-NORC.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
Peter has worked as a news and culture writer and editor at The Week since the site's launch in 2008. He covers politics, world affairs, religion and cultural currents. His journalism career began as a copy editor at a financial newswire and has included editorial positions at The New York Times Magazine, Facts on File, and Oregon State University.
-
'Spending is what card issuers are hoping you will do'
Instant Opinion Opinion, comment and editorials of the day
-
FCC greenlights $8B Paramount-Skydance merger
Speed Read The Federal Communications Commission will allow Paramount to merge with the Hollywood studio Skydance
-
A potential railway megamerger raises monopoly questions
The Explainer Union-Pacific and Norfolk Southern would create the country's largest railway operator
-
FCC greenlights $8B Paramount-Skydance merger
Speed Read The Federal Communications Commission will allow Paramount to merge with the Hollywood studio Skydance
-
Tesla reports plummeting profits
Speed Read The company may soon face more problems with the expiration of federal electric vehicle tax credits
-
Dollar faces historic slump as stocks hit new high
Speed Read While stocks have recovered post-Trump tariffs, the dollar has weakened more than 10% this year
-
Economists fear US inflation data less reliable
speed read The Labor Department is collecting less data for its consumer price index due to staffing shortages
-
Crypto firm Coinbase hacked, faces SEC scrutiny
Speed Read The Securities and Exchange Commission has also been investigating whether Coinbase misstated its user numbers in past disclosures
-
Starbucks baristas strike over dress code
speed read The new uniform 'puts the burden on baristas' to buy new clothes, said a Starbucks Workers United union delegate
-
Warren Buffet announces surprise retirement
speed read At the annual meeting of Berkshire Hathaway, the billionaire investor named Vice Chairman Greg Abel his replacement
-
Trump calls Amazon's Bezos over tariff display
Speed Read The president was not happy with reports that Amazon would list the added cost from tariffs alongside product prices