More Americans Lack Confidence in U.S. Economy
District of Columbia | May 26, 2021
As economic figures cast doubt on a post-COVID economic boom, the latest polling data show Americans lack confidence in the economy under President Joe Biden.
New polling data released by Gallup Monday shows Americans are not confident in the economy and are largely unhappy with the nation’s current trajectory.
The poll found only 36% of Americans are “satisfied with the way things are going.” Specifically on the economy, Americans also are pessimistic.
“Twenty-seven percent of Americans now rate current economic conditions as excellent or good, while 30% rate them as poor,” Gallup reports. “Meanwhile, 43% say the economy is getting better, and 53% say it is getting worse.”
Gallup’s economic index uses a scale of -100 to +100 to measure Americans’ sentiments around the economy and other issues. The number released Monday found the index at -7, down from +2 in the previous month and well below the +43 that was measured in February 2020, when President Donald Trump was still in office and just before the pandemic began…
(Excerpts from the Virginia Star)