By CatholicVote | Created at 2024-11-25 19:56:15 | Updated at 2024-11-25 23:24:20
3 hours ago
CV NEWS FEED // Americans’ confidence in the economy and their financial stability has increased in anticipation of Donald Trump’s second term as president, according to RealClearPolling.
“The latest Economist/YouGov poll, conducted after the election Nov. 17-19 with 1,595 U.S. adults, found only 18% of respondents said they are better off financially now than they were a year ago, while 38% said they are worse off. Looking ahead, the numbers reversed: 39% said they expect to be better off financially in a year, while only 18% anticipated being worse off,” RealClearPolling reported.
The shift was largely driven by Republicans, as roughly the same percentage of Democrats said they thought they would be better off financially in one year as those who said they were better off financially now compared to a year ago.
“Among Republicans, only 11% said they improved their financial position over the past year, but 60% predicted improvement in the year ahead,” RealClearPolling reported, noting that the S&P 500 and cryptocurrencies have also seen a rise since the election.
Another poll asked participants how they felt about several of Trump’s financial and economic policies, with a general balance between supporters and opposers. Thirty-seven percent were in favor of imposing a 60% tariff on Chinese imports, while 42% opposed it. Another 42% supported imposing a 10% on all imported goods, compared to 39% who opposed the measure.
Respondents generally supported a “commission to audit the federal government and cut government spending,” with 65% supporting and 19% opposing it. The respondents also overwhelmingly supported cutting out taxes on tips, with 71% in favor and 17% against it.
