A majority of Americans feel worse off today than they did four years ago, according to a recent Gallup poll. The survey, conducted between September 16 and 28, reveals that 52% of Americans believe their families are in a worse position, while 39% say they are better off, and 9% report no change. This sentiment aligns with past election years, particularly 1992, when similar economic concerns were voiced.
Partisan views significantly influence these perceptions. The poll shows that 72% of Democrats feel better off compared to only 35% of independents and 7% of Republicans. This divide is reflected in Gallup's Economic Confidence Index (ECI), which currently sits at -26, a figure that has remained negative over the past four years. Economic confidence took a hit in 2022, as inflation soared to levels not seen in decades. Inflation has consistently ranked as the top financial concern for Americans over the past three years.
