Americans' Confidence in the Economy Takes a Hit Amid Economic Uncertainty
Tuesday, 30 April 2024, 19:35
The Decline of Economic Confidence
Americans’ confidence in the economy has dropped nine points since last month, the first time it has slipped since the fall, a survey by Gallup found. The Gallup Economic Confidence Index, which summarizes the public’s view on the current economic conditions, is at -29 for April, behind -20 for March.
Changing Perceptions and Political Trends
- Twenty-four percent of U.S. adults say the current economic conditions are “excellent” or “good,” while 32 percent say they are “only fair.” Forty-four percent rate the economic conditions as “poor,” Gallup reported.
- Outlooks dimmed across political lines in April. Democrats and independents witnessed declines in their index scores since March, reflecting a general trend of reduced economic optimism.
The survey conducted from April 1-22 provides insights into the shifting economic sentiments amid rising inflation, fluctuating stock market performance, and persistently high interest rates.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.