A new Pew Research Center survey shows that most Americans remain unhappy with the state of the economy. 74% describe economic conditions as “fair” or “poor,” while only 26% call them “excellent” or “good.”
This negative outlook has barely shifted in recent years, but political divisions have grown wider. 44% of Republicans and Republican-leaning independents now view the economy positively, marking a sharp rise from earlier surveys. In contrast, just 10% of Democrats and Democratic-leaning voters rate the economy favorably, showing little change over time.
When asked about the main reasons for their dissatisfaction, 42% of respondents cited rising prices and higher living costs. Many pointed to inflation, grocery bills, and energy expenses as major concerns. Others mentioned tariffs, slow wage growth, and policy uncertainty as additional challenges.
Looking ahead, Americans show little optimism. Only 29% expect conditions to improve within a year, down from 36% in April. Meanwhile, 46% believe the economy will worsen. Among Republicans, 55% expect improvement, though that optimism has faded since spring. Among Democrats, just 6% anticipate better conditions, and 73% predict a downturn.
These bleak views could affect consumer spending and political sentiment. Economists warn that when confidence weakens, households often reduce spending, slowing growth. Businesses may also hesitate to invest amid uncertainty.
Policymakers now face growing pressure to ease inflation and restore public trust. Without stronger progress on prices and wages, Americans may continue to see the economy in a negative light.
The survey highlights a widening partisan gap and a public eager for economic relief in 2025.
