Economic Pessimism Grows: 20% Say Their Finances Are Getting Better While 35% Say Worse

Thirty-seven percent (37%) of voters rate their own personal finances as good or excellent. That’s down twelve points over the past  eight months. The latest Scott Rasmussen national survey found that 26% say poor. That figure is up twelve points since last April.

The survey conducted in April 2021 found that 28% believed their own finances were getting better while 21% said worse (net +7). The current numbers show a significantly more negative assessment: 20% now say their finances are getting better while 35% say worse (net -15).

Sixty-two percent (62%) of those with a postgraduate degree rate their own finances as good or excellent. A majority of all other voters say their finances are either fair or poor.

By a 41% to 20%, those with a high level of formal education say their finances are getting better. A solid plurality of all other voters say their finances are getting worse.

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Note: Neither Scott Rasmussen, ScottRasmussen.com, nor RMG Research, Inc. have any affiliation with Rasmussen Reports. While Scott Rasmussen founded that firm, he left nearly a decade ago and has had no involvement since that time.

Question 1:

How do you rate the United States economy these days?

6%    Excellent

17%    Good

37%    Fair

36%    Poor

4%    Not sure

Question 2:

Ok, is the U.S. economy getting better or worse these days?

19%    Better

53%    Worse

22%    About the same

6%    Not sure

Question 3:

How do you rate your personal finances these days?

9%    Excellent

28%    Good

34%    Fair

26%    Poor

4%    Not sure

Question 4:

Are your personal finances getting better or worse these days?

20%    Better

35%    Worse

40%    About the same

5%    Not sure

Methodology

The survey of 1,200 Registered Voters was conducted online by Scott Rasmussen on January 6-7, 2022. Field work for the survey was conducted by RMG Research, Inc. Certain quotas were applied, and the sample was lightly weighted by geography, gender, age, race, education, internet usage, and political party to reasonably reflect the nation’s population of Registered Voters. Other variables were reviewed to ensure that the final sample is representative of that population.

The margin of sampling error for the full sample is +/- 2.8 percentage points.

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