Entries in Gallup (17)


U.S. Economic Confidence Is Waning for the Third Week in a Row

Christopher Robbins/Thinkstock(PRINCETON, N.J.) –  The “Economic Confidence Index" fell to -24 for the week ending June 17, the third straight week of decline, according to the Gallup Polls.

"With the U.S. economy fragile and concerns over European debt continuing to mount, economic confidence will be an important number to watch in the coming weeks and months leading up to the presidential election," Gallup suggests.

"The continued negative confidence among independents is particularly relevant to President Obama's re-election hopes. Given that independents are the swing U.S. political group, confidence among them may need to move closer to positive territory to boost their willingness to back Obama in the election."

Recently, “there were 3.4 million job openings on the last business day of April, down from 3.7 million in March,” reports the Bureau of Labor Statistics.

Copyright 2012 ABC News Radio


Poll: More Americans Identify Themselves As Fiscally Conservative

Comstock/Thinkstock(NEW YORK) -- According to a new Gallup poll, more Americans identify themselves as conservative. In fact, on economic issues, Americans are more than twice as likely to identify themselves as fiscally conservative instead of fiscally liberal.

Gallup’s annual Values and Belief Poll asked Americans if they identified themselves as very conservative, conservative, moderate, liberal, or very liberal for both social and economic issues.

On economic issues, 46% of those polled identified themselves as conservative, while only 20% identified themselves as liberal.  

When those same people were asked about their social beliefs, only 38% said they considered themselves conservative, while 28% identified themselves as liberal.

In recent years, there has been a slight increase in the number of Americans who identify themselves as conservative on economic issues. There has been a rise in both fiscal conservatives, and fiscal liberals, which coincides with the decline of the number of people who identify themselves as moderate on economic issues.

The poll noted that the rise of fiscal conservatives seems to coincide with the economic downturn.

Copyright 2012 ABC News Radio


Poll: Americans Better Off Than Their Parents

Burke/Triolo Productions/Thinkstock(NEW YORK) -- A majority of Americans say they are better off financially than their parents were at the same age, though seniors are more positive about their wealth than younger people, according to a Gallup poll.

Of 1,012 adults surveyed, 69 percent said they're better off financially than their parents, down from the 74 percent who said so in 1998, the last time Gallup asked this question.

Gallup asked adults age 18 and older: "Think of your parents when they were your age. Would you say you are better off financially than they were, or not?"

"Most Americans still think they are doing better financially than their parents did when they were the same age," Elizabeth Mendes, deputy managing editor at Gallup, wrote in a blog post. "This is positive news, given the difficult state of the U.S. economy over the past several years -- with millions of Americans seeing their home values deteriorate and jobs evaporate."

Homes in the U.S. are expected to lose $681 billion in value in 2011, according to Zillow. Meanwhile, the national unemployment rate is 8.6 percent, the lowest this year but still higher than many economists had hoped. Unemployment has remained persistently high since the recession began in 2008, with the country witnessing the longest stretch the jobless rate has stayed over 8 percent since 1948.

Older Americans were more positive in their response than younger respondents for the survey. The poll of Americans 18 and older was taken Nov. 28 to Dec. 1.

For respondents age 65 and up, 78 percent said they were better off than their parents while 64 percent of those aged 18 to 29 said so.

The Gallup poll results echo a survey from Pew Research Center last month which indicated wealthy older Americans are better-off than those three decades ago in income, employment, homeownership and housing values.

Pew analyzed the economic well-being of older and younger adults and found that the age-based wealth gap, comparing the net worth of those over 65 with those under 35, skyrocketed. In 1984 it was 10:1, and in 2009 it jumped to 47:1.

Wealthier Americans said they were better off than their parents than poorer respondents. Eighty percent of those making $75,000 or more per year said they were better off than their parents. Of those making $30,000 per year or less, 52 percent said they are better off.

Gallup said the age and income patterns in this year's survey are "the same" as they were in 1998.

There are generational differences in perceptions of wealth. Earlier this month, Gallup released the results of another poll asking, "how much money per year would you need to make in order to consider yourself rich?"

While the overall median response of the 1,012 adults was an income of $150,000, younger respondents age 18 to 49 had a median amount of $160,000. Those 50 and older said they would feel rich with $100,000.

Copyright 2011 ABC News Radio


Poll: Americans Need $150K Income to Feel Rich

Comstock/Thinkstock(WASHINGTON) -- How much do you need to consider yourself “rich?” Americans say they would need an annual income of $150,000, according to a Gallup poll this week.

Gallup asked, “Just thinking about your own situation, how much money per year would you need to make in order to consider yourself rich?”

The median income figure of the telephone responses was $150,000. However, 30 percent said less than $100,000 would be enough. Only four percent said earning $1 million or more would make them feel rich.

Americans’ perceptions of the income needed to be rich were a bit higher than in 2003, when Gallup last asked the question. Eight years ago, $120,000 was the median Americans said they would need.

In a separate question asking how much in net worth, or savings in cash, stocks, real estate and other investments, they would need to consider themselves rich, the median figure was $1 million, the same as in Gallup’s 2003 poll on the same issue.

Gallup published the survey amid discussion over tax cuts and Occupy Wall Street’s criticism of the richest one percent of Americans.  Gallup said the results suggest Americans would need “quite a bit less” than what the wealthiest “1 percent” of Americans earn to consider themselves rich.

The survey showed a noticeable difference in answers by respondents’ gender, age, education and of course, income.

The median annual household income in the country is around $50,000 per year, according to the Census Bureau.

Gallup surveyed 1,012 adults who were 18 years or older from Nov. 28 to Dec. 1.

Incomes Needed for Survey Respondents to Feel Rich

  • Less than $60,000:  18 percent
  • $60,000 to $99,999:  12 percent
  • $100,000 to $150,000:  23 percent
  • $150,001 to $299,999:  18 percent
  • $300,000 to $999,999:  14 percent
  • $1 million:  11 percent
  • More than $1 million: 4 percent
  • Median: $150,000

Copyright 2011 ABC News Radio


Poll: Americans Very Pessimistic about Economy's Direction

Comstock Images/Thinkstock(PRINCETON, N.J.) -- If you believe the country's headed for another recession, here's a bulletin: most Americans think the first recession isn't over yet.

According to a new Gallup poll, eight in 10 respondents say the U.S. is still in a recession, a number basically unchanged since 2008.  Economists say that the recession -- the worst economic downturn since the 1930s -- actually ended more than two years ago.

Sixty-one percent of Americans either think that the economy will not have improved one year from now or that it actually will get worse.

It's that type of sentiment that could lead to another recession because consumers will likely keep saving instead of spending if they have no confidence things will get better.

Only 37 percent of Americans believe the economy will improve by September 2012.

In September 2009, there was a greater sense of optimism with two in three respondents saying the economy would be better in a year and one-third saying it was on track to get worse.

Copyright 2011 ABC News Radio


Obama Approval on Economy Plummets to 26 Percent, a New Low

JIM WATSON/AFP/Getty Images(WASHINGTON) -- President Obama’s approval rating on the economy has plummeted 11 points since May to a new low for his presidency, according to a new Gallup survey.
Just 26 percent of Americans now think Obama is doing a good job handling the economy, down from 37 percent in mid-May -- a sharp departure from the past 18 months, when the number had hovered around the 35-39 percent range.
The same poll, which was conducted Aug. 11-14, finds 71 percent disapprove of the president’s handling of the economy, a new high.  The margin of error is plus or minus four percentage points.
The figures underscore the challenges facing Obama following a bruising political battle over the debt ceiling, first downgrade of the U.S. credit rating, wild swings on Wall Street and persistent unemployment above nine percent.  
When asked about what disillusionment over the economy might mean for his chances of a second term, Obama told CNN’s Wolf Blitzer in an interview Tuesday that he’s going to appeal to the American people for patience -- and enlist their help in urging Congress to act.
“When I came into office, I knew I was going to have a big mess to clean up and, frankly, the mess has been bigger than I think a lot of people anticipated at the time,” Obama said. “We have made steady progress on these fronts, but we're not making progress fast enough.”
“Ultimately, the buck stops with me.  I'm going to be accountable,” he said. “I think people understand that a lot of these problems were decades in the making.  People understand that this financial crisis was the worst since the Great Depression.  But, ultimately, they say, look, he's the president, we think he has good intentions, but we're impatient and we want to see things move faster.
“I understand that, I'm sympathetic to it and we're going to just keep on putting forward ideas that are going to be good for the country. We're going to need a partner from Congress, and we're going to need folks to move off some of these rigid positions they've been taking in order to solve these problems.”
The president has said he plans to roll out a new, “specific” plan to grow jobs and the economy shortly after Labor Day when Congress returns to Washington.
His overall approval rating, according to the most recent Gallup daily tracking poll, stands at 39 percent.

Copyright 2011 ABC News Radio


Poll: Economy, Deficit Top Americans' Worries

Stephen Chernin/Getty Images(WASHINGTON) -- There's a lot to be worried about these days but Americans are in near agreement about what the top two concerns should be.

In a poll taken before the multi-disaster in Japan and the new military action in Libya, U.S. respondents told Gallup pollsters that the economy and the federal deficit rank the highest on their anxiety chart, far exceeding other worries.

About 70 percent of Americans say they fret about the economy "a great deal," while 22 percent admit being fairly concerned.

As for the budget shortfall that's expected to be around $1.5 trillion this year, almost two-thirds say they are greatly worried about it, while almost a quarter were fairly worried.

Unemployment, still a major problem in the U.S, is also a major worry, with 57 percent greatly anxious about the number of people still out of work.

These concerns cross party lines, with Republicans, Democrats and independent all ranking the economy, the deficit and unemployment as one, two and three on their list of things to be nervous about these days.

Copyright 2011 ABC News Radio


Poll: Americans Mostly Concerned with Economy, Not Gas Prices

ABC News(WASHINGTON) -- Gas prices?  Who's worried about gas prices?

Not the American public, if a new Gallup poll is to be believed.

Though motorists are paying more for gasoline than at any point since it averaged four bucks a gallon in July 2008, there doesn't seem to be all that much anxiety about it.  Just six percent of respondents in the Gallup poll consider rising fuel costs their most important concern.

As for all the unrest in the Middle East and Libya, only one percent of Americans put that at the top of their list of worries.

The real concern remains the economy, with over seven in ten naming some aspect of it as the most pressing problem in the country.

According to the Gallup poll, the top three important issues are the economy in general, unemployment and the federal budget deficit.

Copyright 2011 ABC News Radio


Small Businesses Hesitant to Fill Ranks

Photo Courtesy - Getty Images(PRINCETON, N.J.) - Forty-two percent of small businesses are hiring fewer workers than they need, according to a new Wells Fargo/Gallup poll.

According to poll, 42 percent of small-business owners who hired new employees in 2010 did not hire as many employees as they needed. Overall in 2010, only half of all small business hired any employees during the year.
The Small Business Index Survey found that a majority of small businesses who are holding back on additional hires worry that their revenues will not be sufficient to maintain the new employees. Other reasons for fewer hires are concerns over meeting payroll and the potential cost of health care.

For small-business owners that did make new hires in 2010, the top reason for the additions was a need to fill the position of an employee who left.

Copyright 2011 ABC News Radio


Poll: Most Americans Feel Now Is a 'Good Time' to Buy a Home

Photo Courtesy - Getty Images(PRINCETON, N.J.) -- Results from a recent Gallup poll show that 67 percent of Americans feel that now is a "good time" to buy a home.  These results are similar to previous polls: 72 percent in April 2010 and 71 percent in 2009. 

Gallup says that historically low interest rates and home prices, along with the huge supply of unsold homes and record high number of foreclosures, suggest bargains could continue to get better as the year unfolds, giving Americans "good reason" to think now is a good time to buy a house.

But Gallup also notes that today's housing market conditions may not be in favor of all home buyers.  The pollster says the housing finance system currently works in favor of cash buyers and buyers with perfect credit.  Due to the federal takeover of Fannie Mae and Freddie Mac, the market is limited to potential buyers who can meet their more restrictive loan requirements or those who can buy without a loan.

"As a result," the Gallup report states, "although many feel this is a good time to buy, relatively few can take advantage of the situation."

Copyright 2011 ABC News Radio 

ABC News Radio