Poll Synopsis
Fannie Mae Housing Survey (Oct. 8): Nearly 70% of Americans believe the economy is on the “wrong track”. Additionally, 73% feel it is a bad time to buy a house due to high costs and mortgage rates.
WSJ-NORC Poll (Sept. 2): Roughly 70% of adults said the “American dream,” the idea that hard work leads to a better life, no longer holds true or never did. This is the highest level in nearly 15 years of surveying.
Pew Research Center Survey (Oct. 3): 74% of Americans rate economic conditions as “only fair or poor.” This sentiment has remained consistently negative, similar to earlier in the year.
CBS News/YouGov Poll (Oct. 3): 59% of Americans believe the economy is “getting worse,” an increase from 54% in July. This is partly influenced by perceptions of rising prices for goods and services.
S&P Global Economic Outlook (Q4 2025): The report highlights that consumers are “showing signs of strain,” with real disposable income growth at a cycle low. Consumer spending, which makes up about 70% of GDP, is vulnerable to erosion from persistent price pressures and high interest rates.
Five New Polls Show 70% of Americans Are Pessimistic on the Economy
Posted by ExtremeComplex
4 Comments
Given that the consumers make up 70% of the GDP, ultimately their sentiments are controlling. Not a good sign.
Perhaps we should be asking why the American establishment feels entitled to optimism about the economy considered how it’s behaving
This just in: most people can recognize when it’s pouring down rain by the water falling from the sky, general damp conditions and the accumulation of water on the ground.
Nice to see the rep leaning crew is starting to notice whats going on…
Either way feelings drive purchasing decisions. So feelings & reality go hand and hand with this.