According to Gallup, Americans' confidence in the economy has risen this month, even though a majority say the country's financial condition is “getting worse.” The poll was released on Friday.
The number of people who said the economy was “getting better” rose 7 percentage points to 31 percent. Still, the vast majority of respondents, 63 percent, said the economy was “getting worse.”
The survey found that while some respondents said the economy is improving, their views of the current economic situation have not changed: Nearly half of Americans, 45%, say the current economic situation is “bad.” About 31% said it was “fair,” and nearly a quarter, 24%, said it was “good” or “very good.”
Gallup's Economic Confidence Index, which looks at Americans' economic outlook and assesses the current state of the economy, rose eight points in August, from minus 35 to minus 27. Gallup noted that this is the first improvement in the index since March.
Looking at economic confidence by party, the Democratic outlook rose from plus 16 to plus 21 this month, when Vice President Harris replaced President Biden as the party's presidential candidate. Republican economic confidence remains significantly lower at minus 76.
Americans were divided on their opinion of the job market: About 45% of respondents in the poll said it's a good time to find a fulfilling job, while 50% said it's a bad time.
The poll was conducted among 1,015 adults from Aug. 1 to 20 and has a margin of error of plus or minus 4 percentage points.
