Almost two thirds of Americans view the current state of the US economy as “strong;” according to a new study recently released as a collaboration by Harvard University and Harris polling. ~61 percent of respondents felt that the economy was on solid footing as opposed to the 39% who said it was weak. When asked whether or not they believed the economy was on the right track, 42% said “Yes,” against the unusual solidarity of another 39% saying “No.” To be fair, the political demographic of this survey is tilted almost ten points in favor of Democrat voters (so that fact that there is still a majority who are bullish on the economy is even more significant). This survey of 2,148 registered voters was conducted between Feb. 11 and Feb. 13, with a partisan breakdown as follows: 39 percent Democrat, 30 percent Republican, 27 percent independent and five percent other.
The stock market has continued its record setting performance well into Donald Trump’s first term and January posted a 76th consecutive month of job growth; adding 227,000 new jobs — surpassing the 175,000 economists had previously projected. The president, of course, has taken credit for the positive nature of these reports — and probably for good reason. His promises to work toward cutting taxes and regulation through Congress, combined with the executive orders already issued toward such purposes have almost certainly sparked a bullish optimism in both large and small business alike.
What do you think? Does the economy feel like it is currently healthy? Is your personal economic situation improving? What do you think the economy will look like at the end of Trump’s four year term? Let us know on Facebook or in the comments below.
