26% Say Personal Finances Getting Better; 30% Say Worse

Posted on November 15, 2021 | by Staff Writer

Twenty-six percent (26%) of voters nationwide say their own personal finances are getting better. A Scott Rasmussen national survey found that 30% take the opposite view, saying their finances are getting worse.

Those results are marginally better than the numbers from a month ago. However, this is the third consecutive survey showing more pessimism than optimism. That’s a big change from late July when 31% said their finances were getting better and just 26% said worse.

The current totals include 7% who say their finances are getting much better and 12% who say much worse. That’s a more negative assessment than last month.

Forty-three percent (43%) of voters rate their own personal finances as good or excellent. That’s up six points from a month ago but down six since April.

As for the overall economy, just 27% believe things are getting better while 52% think they 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 more than seven years ago and has had no involvement since that time.

Question 1:

How do you rate the U.S. economy these days?

4% Excellent

20% Good

32% Fair

41% Poor

3% Not sure

Question 2:

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

5% Much better

22% Somewhat better

18% About the same

28% Somewhat worse

24% Much worse

3% Not sure

Question 3:

How do you rate your personal finances these days?

11% Excellent

32% Good

35% Fair

21% Poor

1% Not sure

Question 4:

Are your personal finances getting better or worse these days?

7% Much better

19% Somewhat better

42% About the same

18% Somewhat worse

12% Much worse

2% Not sure

Question 5:

Is the United States currently in a recession?

40% Yes

29% No

31% Not sure

Methodology

The survey of 1,200 Registered Voters was conducted online by Scott Rasmussen on November 4-7, 2021. 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.

Pessimism Growing About Economy

Posted on October 14, 2021 | by Laura Lington

Twenty-five percent (25%) of voters nationwide say their own personal finances are getting better. A Scott Rasmussen national survey found that 33% take the opposite view, saying their finances are getting worse.

Those results reflect a growing pessimism about the economy. As recently as late July 31% said their finances were getting better and just 26% said worse.

The current totals include 8% who say their finances are getting much better and 10% who say much worse. That’s also a more negative assessment than last month.

Thirty-seven percent (37%) of voters rate their own personal finances as good or excellent. That’s down nine points since July and down twelve points since April.

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Methodology

The survey of 1,200 Registered Voters was conducted online by Scott Rasmussen on October 5-6, 2021. 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.

31% Say Personal Finances Getting Better; 26% Worse

Posted on July 30, 2021 | by Scott Rasmussen

Thirty-one percent (31%) of voters nationwide say their own personal finances are getting better. A Scott Rasmussen national survey found that 26% take the opposite view, saying their finances are getting worse. Forty-one percent (41%) say their finances are remaining about the same, while 3% are not sure.

These figures are almost identical to the results from a month ago when 32% said their finances were getting better while 26% said worse.

The current totals include 11% who say their finances are getting much better and 7% who say much worse.

Forty-six percent (46%) of voters rate their own personal finances as good or excellent. That’s up three points from a month ago but down three points since April.

Seventeen percent (17%) now rate their personal finances as poor. That figure is unchanged from a month ago, but up three points from April.

There is a stunning gap in economic perceptions between those with a postgraduate degree and the rest of the nation.

Among those with advanced degrees, 63% say their finances are getting better and just 10% say worse.
Among those with a bachelor’s degree, the numbers are much more evenly divided: 31% better and 25% worse.
Among those without a college degree, 22% believe their finances are getting better while 29% say the opposite.

Among voters who prefer policies like those of former President Trump, 21% say their finances are getting better while 37% say the opposite.

The stability in terms of personal finances stands in stark contrast to the collapse in confidence about the pandemic. In late May, 56% of voters believed the worst of the pandemic was behind us. That figure has fallen to 34% today. That’s a 22-point decline in just two months.

Throughout much of 2020, there was a correlation between pandemic concerns and economic confidence. It remains to be seen whether that correlation will continue in 2021. For much of this year, the arrival of the vaccines sparked growing confidence that we were putting the pandemic behind us.

In terms of responding to declining confidence about the pandemic, there will be significant political challenges. Fifty-five percent (55%) of voters believe the lockdowns did more harm than good. That view is shared by a majority of Republicans and Independents. However, most Democrats take the opposite view.

In response to rising pandemic concerns, it seems likely that the Biden Administration will face calls for strong action from the Democratic party base. However, those calls to action may well be viewed negatively by most other voters. For example, the call for a door-to-door campaign to encourage more vaccinations is opposed by 74% of the target audience.

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Methodology

The survey of 1,200 Registered Voters was conducted by Scott Rasmussen using a mixed mode approach from July 27-28, 2021. Field work for the survey was conducted by RMG Research, Inc. Most respondents were contacted online or via text while 232 were contacted using automated phone polling techniques. Online respondents were selected from a list of Registered Voters and through a process of Random Digital Engagement. 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.

32% Say Personal Finances Getting Better; 28% Say Worse

Posted on June 30, 2021 | by Scott Rasmussen

Thirty-two percent (32%) of voters nationwide say their own personal finances are getting better. A Scott Rasmussen national survey found that 28% take the opposite view, saying their finances are getting worse. Thirty-six percent (36%) say their finances are remaining about the same, while 3% are not sure.

Those totals include 11% who say their finances are getting much better and 8% who say much worse.

In April, 28% said their finances were getting better while 21% said the opposite. However, that survey question was slightly different. It simply offered respondents choices between better, worse, or about the same. This survey offered a fuller range of choices–much better, somewhat better, about the same, somewhat worse, or much worse.

The wording change was made to pick up more subtle shifts in perceptions of personal finances. This fuller approach will be used going forward. While the numbers are not directly comparable to earlier surveys, the dynamics are similar. Now, and in April, the number saying their finances were getting better modestly outnumbered those whose finances were getting worse.

However, in the June survey, just 43% rated their personal finances as good or excellent. That’s down six points since April. Seventeen percent (17%) now rate their personal finances as poor, up three points from April.

Fifty-two percent (52%) of Democrats rate their personal finances as good or excellent. Forty-three percent (43%) of Republicans agree. However, among Independents, just 24% give their own finances such positive marks.

As for the trends, Democrats are more likely to report their finances getting better. Republicans and Independents are more likely to say their finances are getting worse.

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Methodology

The survey of 1,200 Registered Voters was conducted by Scott Rasmussen using a mixed mode approach from June 22-24, 2021. Field work for the survey was conducted by RMG Research, Inc. Most respondents were contacted online or via text while 205 were contacted using automated phone polling techniques. Online respondents were selected from a list of Registered Voters and through a process of Random Digital Engagement. 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.

27% Say Personal Finances Getting Better; Little Change Following Weak Jobs Report

Posted on May 19, 2021 | by Scott Rasmussen

Twenty-seven percent (27%) of voters nationwide say their own personal finances are getting better. A Scott Rasmussen national survey found that 21% take the opposite view, saying their finances are getting worse. Those figures are virtually identical to the results from last month and the month before.

Forty-nine percent (49%) of voters rate their own finances as good or excellent while 18% say poor. Those figures are also little changed from recent months.

This stability suggests that last months weak jobs report released earlier this month has had little immediate impact on perceptions of personal finances.

However, the report may have damaged perceptions of the overall economy. Just 27% now believe the economy is getting better while 37% say it’s getting worse. Last month, those numbers were essentially even (34% better/ 35% worse).

Thirty-percent (30%) now rate the U.S. economy as good or excellent while another 27% say poor. Last month, 32% rated the economy as good or excellent while 24% said poor.

Urban voters are more optimistic about economic trends than suburban and rural voters. Democrats are far more optimistic than Republicans and Independents.

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Methodology

The online survey of 1,000 Registered Voters was conducted by Scott Rasmussen from May 13-15, 2021. Field work for the survey was conducted by RMG Research, Inc. Respondents were selected from a list of Registered Voters and through a process of Random Digital Engagement. 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.

28% Say Their Finances Are Getting Better; 21% Say Worse

Posted on April 19, 2021 | by Scott Rasmussen

Twenty-eight percent (28%) of voters nationwide say their own personal finances are getting better. A Scott Rasmussen national survey found that 21% take the opposite view, saying their finances are getting worse. Forty-nine percent (49%) say their finances are remaining about the same, while 3% are not sure.

Those numbers are essentially unchanged from a last month suggesting that the recent trend of growing confidence has stalled.

Looking back, confidence fell significantly between the election and January. Then, it improved significantly during the early months of this year. By last month, perceptions of personal finances finally surpassed the pre-election levels of confidence.

The general trends match perceptions of the coronavirus pandemic. The number believing the worst was behind us grew dramatically from last November to early March. The numbers have remained steady since that time.

The survey also found that:

32% rate the U.S. economy as good or excellent, another 24% say poor (up from 27%/27% last month).
34% believe the economy is getting better, while 35% say worse (up from 29%/38% last month).
49% rate their personal finances as good or excellent, 14% say poor (little changed from 47%/14% last month).

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Methodology

The survey of 1,200 Registered Voters was conducted by Scott Rasmussen using a mixed mode approach from April 15-17, 2021. Field work for the survey was conducted by RMG Research, Inc. Most respondents were contacted online or via text while 261 were contacted using automated phone polling techniques. Online respondents were selected from a list of Registered Voters and through a process of Random Digital Engagement. 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.

28% Say Personal Finances Getting Better; 20% Say Worse

Posted on March 23, 2021 | by Scott Rasmussen

Twenty-eight percent (28%) of voters nationwide say their own personal finances are getting better. A Scott Rasmussen national survey found that 20% take the opposite view and their finances are getting worse. Forty-nine percent (49%) say their finances are remaining about the same while 2% are not sure.

Those figures reflect a significant improvement over the past couple of months. In January, just 19% thought their finances were getting better while 26% said they were getting worse. The improved economic confidence has come along with a rapidly growing belief that the worst of the pandemic is behind us.

In fact, the most recent figures have finally surpassed the pre-election levels of confidence. Last October, 27% believed the economy was getting better (25% said worse). Between the election and January, however, concerns about the pandemic grew rapidly. That was matched by a sharp decline in economic confidence.

However, since October, the partisan dynamics have changed. Prior to the election, Republicans were far more upbeat than Democrats. At that time, 43% of GOP voters said their finances were getting better while just 14% said they were getting worse. Now, Republicans are evenly divided (23% better, 21% worse).

In October, by a 31% to 18% margin, Democrats said their finances were getting worse. Now, by a 36% to 15% margin, they offer an optimistic assessment.

Independents were slightly negative last fall and are evenly divided today.

As for an educational divide, those with a college degree are fairly upbeat today while those without are evenly divided.

The survey also found that:

27% rate the U.S. economy as good or excellent, another 27% say poor.
29% believe the economy is getting better while 38% say worse.
47% rate their personal finances as good or excellent, 16% say poor.

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Methodology

The survey of 1,200 Registered Voters was conducted by Scott Rasmussen using a mixed mode approach from March 18-20, 2021. Field work for the survey was conducted by RMG Research, Inc. Most respondents were contacted online or via text while 201 were contacted using automated phone polling techniques. Online respondents were selected from a list of Registered Voters and through a process of Random Digital Engagement. Certain quotas were applied, and the sample was lightly weighted by geography, gender, age, race, education, 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.

19% Say Personal Finances Getting Better; Down 8 Points Since Election

Posted on January 12, 2021 | by Scott Rasmussen

Economic optimism declined as the new year arrived. A Scott Rasmussen national survey found that 19% of voters believe their personal finances are getting better. That’s down three points from a month ago and down eight since October.

Twenty-six percent (26%) believe their own finances are getting worse. That’s up just a single point compared to the pre-election survey.

The decline in optimism has been driven by Republicans. Prior to the election, 43% of GOP voters believed their finances were getting better. That fell to 36% after the election and 18% now. Such a partisan perspective is fairly normal following an election. Typically, Republicans are more upbeat about the economy when a Republican is in the White House, and Democrats are more optimistic when a Democrat is president.^[1]^[2]

That decline has been partially offset by an increased confidence among Democrats. Twenty-five percent (25%) of those in President-elect Biden’s party now say their finances are getting better. That’s up seven points since Biden was elected.

Among Independent voters, 14% now say their finances are getting better while 28% say worse.

The survey also found that just 12% believe the overall economy is getting better while 51% say it’s getting worse.

Eighteen percent (18%) currently rate the economy as good or excellent while 37% say it’s in poor shape.

On the personal front, 37% say their own finances are good or excellent. Twenty-three percent (23%) say their finances are in poor shape.

Methodology

The online survey of 1,200 Registered Voters was conducted by Scott Rasmussen from January 2-3, 2021. Field work for the survey was conducted by RMG Research, Inc. Respondents were contacted online or via text. They were selected from a list of Registered Voters and through a process of Random Digital Engagement. Certain quotas were applied, and the sample was lightly weighted by geography, gender, age, race, education, 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.

22% Say Their Personal Finances Getting Better; 28% Say Worse

Posted on December 10, 2020 | by Scott Rasmussen

Twenty-two percent (22%) of voters believe their personal finances are getting better, while another 28% say their finances are getting worse. A PoliticalIQ survey found that 48% believe their personal finances are staying about the same, and 2% are not sure.

The results reflect a modest increase in pessimism following Election 2020. The number saying their finances are getting better are down five points just prior to Election Day and down four from the weekend after the election. On the other side of the equation, the number saying their finances are worse is up three points since the pre-election survey.

The decline in optimism has been driven by Republicans. Prior to the election, 43% of GOP voters believed their finances were getting better. That fell to 36% after the election and 24% now. Such a partisan perspective is fairly normal following an election. Typically, Republicans are more upbeat about the economy when a Republican is in the White House and Democrats more optimistic when a Democrat is president.

What is a bit unusual is that there has not been a corresponding bounce in optimism among Democrats. Prior to the election, 18% of those in Joe Biden’s party said that their personal finances were getting better. That number has inched up just three points to 21% today.

It is impossible to know precisely why Democratic optimism has not increased. It may be that President-elect Biden’s victory was accompanied by disappointing results for Democrats in House, Senate, and State Legislative Races.

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Methodology

The survey of 1,200 Registered Voters was conducted by Scott Rasmussen using a mixed mode approach from December 3-5, 2020. Field work for the survey was conducted by RMG Research, Inc. Most respondents were contacted online or via text while 192 were contacted using automated phone polling techniques. Online respondents were selected from a list of Registered Voters and through a process of Random Digital Engagement. Certain quotas were applied, and the sample was lightly weighted by geography, gender, age, race, education, 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.

26% Say Their Finances Are Getting Better, 26% Worse

Posted on November 11, 2020 | by Scott Rasmussen

Twenty-six percent (26%) of voters believe their personal finances are getting better while another 26% say their finances are getting worse. A Political IQ survey found that 45% believe their personal finances are staying about the same and 3% are not sure.

This survey was conducted last Thursday through Saturday, following Election Day. It shows a slight decline in optimism compared to a pre-election survey when 29% said better and 26% said worse. The decline comes almost entirely from Republicans. Prior to the election, 45% of GOP voters believed their finances were getting better. That fell to 36% after the election.

There was little change among Democrats and Independents. However, that could change.

Typically, Republicans are more upbeat about the economy when a Republican is in the White House and Democrats more optimistic when a Democrat is president. This particular survey was conducted after the election but before Joe Biden was declared the winner of 270 Electoral College votes. At the time, the survey found that just 49% believed Biden was the winner.

Based upon historical trends, therefore, it would not be surprising to see confidence of Democrats increase as it becomes more likely that Biden will take office. At the same time, the economic confidence of Republicans could fall further. We will conduct another survey on this topic in the coming days.

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Methodology

The survey of 1,200 Registered Voters was conducted by Scott Rasmussen using a mixed mode approach from November 5-7, 2020. Field work for the survey was conducted by RMG Research, Inc. Most respondents were contacted online or via text while 168 were contacted using automated phone polling techniques. Online respondents were selected from a list of Registered Voters and through a process of Random Digital Engagement. Certain quotas were applied to the larger sample and lightly weighted by geography, gender, age, race, education, 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 sample included 1,052 respondents who say they voted in Election 2020. Of that group, 51% voted for Joe Biden and 46% for Donald Trump.

28% Believe Today’s Children Will Be Better Off Than Their Parents, 29% Think The Opposite

Posted on September 22, 2020 | by Scott Rasmussen

Twenty-eight percent (28%) of voters believe children born these days will have a better life than their parents. A Scott Rasmussen national survey found that 29% believe these children will have a worse life, and 24% think the quality of life will be about the same. Nineteen percent (19%) aren’t sure.

Thirty-five percent (35%) of men believe today’s children will live better than their parents. Just 25% of male voters think today’s children will be worse off.

Women, by a 32% to 22% margin, take the opposite view and are more likely to think today’s children will be worse off than their parents.

Republicans and conservatives are a bit more optimistic than Democrats and liberals. Suburban voters are a bit more pessimistic than urban or rural voters. Older voters are more pessimistic while younger voters more optimistic.

The survey question did not ask how respondents would define a better life.

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Methodology

The survey of 1,200 Registered Voters was conducted by Scott Rasmussen using a mixed mode approach from September 17-19, 2020. Field work for the survey was conducted by RMG Research, Inc. Most respondents were contacted online or via text while 161 were contacted using automated phone polling techniques. Certain quotas were applied to the overall sample and lightly weighted by geography, gender, age, race, education, 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.

43% Have Experienced Financial Problems Due to Pandemic

Posted on August 25, 2020 | by Scott Rasmussen

Forty-three percent (43%) of voters say the Coronavirus pandemic has caused serious financial problems for them or a member of their immediate family. A Scott Rasmussen national survey found that total includes 60% of Hispanic voters, 53% of Black voters, and 37% of White voters.

The financial hardships have impacted more than twice as many people as the health problems. Twenty percent (20%) say the Coronavirus has caused serious health issues for them or a member of their immediate family.

Interestingly, despite the fact that the virus represents a far greater risk to older Americans, young people are far more likely to report a serious health impact. Among senior citizens, just 10% say the pandemic has caused a serious health issue for their family. Among voters under 45, that figure is nearly three times as high at 27%.

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Methodology

The survey of 1,200 Registered Voters was conducted by Scott Rasmussen using a mixed mode approach from August 20-22, 2020. Field work for the survey was conducted by RMG Research, Inc. Most respondents were contacted online or via text while 142 were contacted using automated phone polling techniques. Certain quotas were applied to the overall sample and lightly weighted by geography, gender, age, race, education, 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.

49% Rate Their Personal Finances As Good or Excellent

Posted on July 12, 2020 | by Scott Rasmussen

Forty-nine percent (49%) of voters nationwide rate their own personal finances as good or excellent. A Scott Rasmussen survey conducted July 9-11, 2020 found that 32% rate their finances as “fair” while 17% say poor.

Twenty-three percent (23%) say their finances are getting better while 26% say worse. Forty-nine percent (49%) say their finances are staying about the same at this time.

Republicans, by a 35% to 17% margin, believe their finances are getting better. Democrats, by a similar margin say they are getting worse.

Views of the overall economy are more pessimistic. Just 25% believe things are getting better while 50% say worse. Still, that’s a slight improvement compared to a month ago when 55% believed the economy was getting worse. The current numbers are similar to optimism measured in late May.

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Methodology

The survey of 1,200 Registered Voters was conducted by Scott Rasmussen using a mixed mode approach from July 9-11, 2020. Field work for the survey was conducted by RMG Research, Inc. Most respondents were contacted online or via text while 117 were contacted using automated phone polling techniques. Certain quotas were applied, and the final sample was lightly weighted by geography, gender, age, race, education, 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.

53% More Worried About Coronavirus Threat to Their Health Than Their Finances

Posted on June 1, 2020 | by Scott Rasmussen

Fifty-three percent (53%) of voters nationwide are more worried about the Coronavirus threat to their health rather than their finances. A Ballotpedia survey of 1,200 Registered Voters found that 39% are more concerned about the economic threat.

Perhaps surprisingly, there is only a modest difference between young and old on this question. Among voters under 45, nearly half (48%) are more concerned about their health. As for older voters, 56% are concerned primarily about their health.

The similarity of concern exists alongside the reality that older people are far more likely to have coronavirus related health issues. While nursing homes house less than 1% of the U.S. population, they account for 42% of all deaths attributed to the disease.

There is no gender gap on the issue, and views are broadly similar across racial lines, employment status, income levels, and other factors. The only exceptions are found along partisan and ideological lines.

Seventy-one percent (71%) of Democrats are more concerned for their health, a view shared by just 38% of Republicans.
Fifty-two percent (52%) of conservatives are more concerned about their personal economic challenges, a view shared by just 19% of liberals.

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Methodology

The survey of 1,200 Registered Voters was conducted by Scott Rasmussen using a mixed mode approach from May 28-30, 2020. Field work for the survey was conducted by RMG Research, Inc. Most respondents were contacted online or via text while 172 were contacted using automated phone polling techniques. Certain quotas were applied, and the overall sample was lightly weighted by geography, gender, age, race, education, 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.

39% Have Family Member Who Lost Primary Income Due to Shutdowns

Posted on May 27, 2020 | by Scott Rasmussen

Thirty-nine percent (39%) of voters have a family member who has lost their primary income due to the government shutdowns of the economy. A Ballotpedia survey of 1,200 Registered Voters found that 57% have not experienced that challenge.

Methodology

The survey of 1,200 Registered Voters was conducted by Scott Rasmussen using a mixed mode approach from May 21-23, 2020. Field work for the survey was conducted by RMG Research, Inc. Most respondents were contacted online or via text while 258 were contacted using automated phone polling techniques. Certain quotas were applied, and the overall sample was lightly weighted by geography, gender, age, race, education, 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.