Survey Says!

Created
Thu, 18/01/2024 - 10:30
Updated
Thu, 18/01/2024 - 10:30
Axios’s “Vibe Survey” found that people are feeling quite good about the economy. Imagine that: Americans overall have a surprising degree of satisfaction with their economic situation, according to findings from the Axios Vibes survey by The Harris Poll. That’s in spite of dour views among certain subsets of the country — and in contrast to consumer sentiment polls that remain stubbornly weak, partly because of the lingering effects of 2022’s inflation. The Axios Vibes poll has found that when asked about their own financial condition, or that of their local community, Americans are characteristically optimistic. It’s broadly understood that economic well-being influences electoral outcomes. By the same token, however, political affiliation influences the responses that Republicans, in particular, give when they’re asked about the economy. So asking about personal finances rather than the broader economy can reveal optimism not seen in consumer-sentiment polls. Axios Vibe Check: How people feel about their economic prospects: 😁 What the data show about the overall economy: 😁 -GDP growth is the highest in the developed world, inflation is headed back down to optimal levels, and consumer spending keeps on growing. -63% of Americans rate their current financial situation as being “good,” including 19% of us who say it’s “very good.” […] Americans’ outlooks for the future are also rosy. 66% think that 2024 will be better than 2023, and 85% of us feel we could change our personal financial situation for the better this year. That’s in line with Wall Street estimates, which have penciled in continued growth in both GDP and real wages for the rest of the…