More than three-quarters of investors surveyed by Millionaire Corner believe that the economy will improve after the national elections this fall. Not so fast, said women. They are taking a more downbeat view than their male counterparts of what direction the economy will take after all the votes are tabulated.
About one-quarter of women believe that the country’s economic situation will worsen after the elections, compared to 20 percent of men who feel the same way. They do not share men’s more optimistic view of developments following the election. Nearly half (49 percent) of women, for example, believe that employment will improve, compared to 62 percent of men.
Thirty-six percent of women believe that greater confidence in American leadership will give a boost to the stock market, vs. 45 percent of men. They are also less likely than men (46 percent vs. 50.5 percent) to think that there greater consumer confidence will manifest itself in more purchasing and investing.
They are especially grim on the subject of the hotly-debated Bush-era tax cuts. More than twice as many men as women (32 percent vs. 13 percent) believe they will be extended before year’s end. They also don’t believe that once the election is over, lawmakers will lighten up on regulations imposed on small businesses. Only 11 percent foresee this vs. 21 percent of men.
Will there be additional tax breaks for small business following the election? Will the U.S. maintain its credit rating or see it upgraded? Will foreign countries have greater confidence in the United States? Will government reduce taxes? In each case, women were likely than men to believe this will happen.
As for the divisive political climate that investors blame for the stagnation of the economic recovery, one-third of women believe it will improve following the national election, vs. 39 percent of men.
There is one area when men and women are closer in agreement: Neither seems too confident that members of Congress will work together more harmoniously once the election is over. Only 11 percent of men see this as an eventuality compared with 9.5 percent of women.
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.