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Americans’ economic confidence slips | The Hill

24% of U.S. adults say their current economic situation is “excellent” or “good,” while 32% say it’s “fair.” 44 percent According to a report by Gallup, the economic situation is rated as “poor.”

Percentage of people who gave an excellent or good rating Diminished The number of people who said the situation was bad decreased last month, but increased Since March.

The outlook for April was bleak beyond political standpoints. Democrats, whom Gallup called the “most economically optimistic,” have seen their index score drop four points since March, from 35 to 31, while independents have seen a 10-point drop, from -28 to -38.

Republican members of Congress were especially negative about the economy under President Biden, with an overwhelming majority believing that the economic situation is in bad shape, with confidence dropping from -62 in March to -71.

The index declined significantly during the early stages of the pandemic, going from +41 in February 2020 to -32 in April 2020. Since then, it only briefly rose above zero in April 2021 and June 2021, before returning to negative territory.

The survey was conducted from April 1st to April 22nd. gasoline prices and inflation Gallup noted that the stock market is up, returning to record gains, and interest rates remain high. The survey was conducted among 1,001 adults and had a margin of error of 4 percentage points.

The Hill’s Lauren Irwin has more.

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