Optimism level is down from four years ago: Gallup
Gallup has completed the “better off” hat trick with a new poll that finds a majority of Americans believe the country will be better off four years from now. This follows previous recent polls that found Americans also feel better off than they were four years ago and a year ago, respectively.
Perhaps the optimistic feeling is overall relief that the long and fiercely-fought election is over (as of Friday, there are only 1145 days until the Iowa caucus). But in each of these polls, the level of optimism is less this time around. Fifty-four percent of Gallup poll respondents said that they believe the country will be better off in four year. This is down from the 65 percent who responded similarly when President Obama was first elected, and the 72 percent who said the same prior to his first inauguration.
Not surprisingly, partisan opinions show now sign of abating. Ninety-four percent of Democrats believe the country will be better off four years from now, compared with just 11 percent of Republicans. Independents are more on the fence, with 51 percent saying they are optimistic about the country’s short-term future.
The overall optimism reflected by the Gallup “better off” polls will be sorely tested in the coming months as the White House and Congress grapple with finding a solution to the tax cuts and monetary spending cuts scheduled to take effect at the end of the year. On this issue, there is considerably less optimism.
More than half (53 percent) of affluent investors surveyed recently by Millionaire Corner said they do not believe that a bipartisan solution to the so-called “fiscal cliff” will be found before the deadline. Respondents under the age of 45 are less pessimistic than their older counterparts. Forty-four percent of the former said they agree with the statement that a solution would not be reached, compared to 56 percent of those ages 60 and up.
Donald Liebenson writes news and features for Millionaire Corner. He has been published in the Chicago Tribune, The Chicago Sun-Times, The Los Angeles Times, Fiscal Times, Entertainment Weekly, Huffington Post, and other outlets. He has also served as a marketing writer for Chicago-based Questar Entertainment and distributor Baker & Taylor.
A graduate of the University of Southern California, he is married with a college-age son. He also writes extensively about entertainment.