Economic trust slides in partisan views: Gallup

The economic confidence of the Americans in general has declined in recent months, but with partisan differences: Republicans view this more positively during the exacerbation of expectations between Democrats, according to a new survey issued on Tuesday.

The “Economic trust index” in Gallop, which has a theoretical range from +100 to -100, summarizes the Americans’ view of current economic conditions and expectations for the economy. It is now in 19, as it decreased slightly from -14 in December, but higher than -26 that was registered before the presidential elections last year.

It was the highest degree since the developer of the index in January 2000 with +56. Gallup referred to the lowest level in October 2008 in -72.

With President Trump’s victory in November due to former Vice President Harris, Republicans have appeared in recent weeks, while it has decreased dramatically among Democrats. A similar party was seen after former President Biden’s victory in the 2020 elections.

The result increased by 30 points between the Republican Party voters, the same amount that it shrinks between the Democrats. Among the independents, it increased by 16 points, according to the poll. Democrats still have the highest degree with +7. The Republican Party voters in -42, while independents registered in -18.

The survey also found that about 26 percent of Americans said economic conditions are “excellent/good”. A third of the respondents, 33 percent, described the economic conditions as “just fair”, while 40 percent said they were “poor”. Gallup indicated that the numbers give the degree of -14, which is the same result for three consecutive months.

Nearly half of the Democrats, 45 percent, say the economy is “excellent/good”. A little more than a quarter and 26 percent of the Republican voters and 9 percent of the independents said the same, according to the survey.

The image was different compared to October last year, a month before the White House elections, where more Democrats, 51 percent, said that the economy was “good” while only 5 percent of Republicans agreed. Expectations decreased between independents, and decreased from 22 percent in October, according to the poll.

The poll found that about a third of us adults, 34 percent, said that the economic conditions were improving while 57 percent argued that they were getting worse.

The survey was made from 2 to 15 January between 1,005 adults. The error margin was four percentage points at the confidence level 95 percent.