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Younger Americans Are Far More Positive About the Economy After Trump’s Win

Trump and Vance enjoy new popularity among young voters

Young Americans love winners.

Donald Trump and J.D. Vance's favorability ratings skyrocketed among voters ages 18 to 29 after their Election Day victories. survey data from economist and the YouGov show. The number of young voters has also increased significantly. Become more optimistic about your personal finances Next year.

next vice president Vance's favorability Among 18- to 29-year-olds, the disapproval rate jumped to 43%, while the disapproval rate fell to 31%. YouGov and economistonly 31 percent of young voters said they had a favorable view of Vance, while 48 percent said they had an unfavorable view.

next president Trump's popularity among young voters has also increased rapidly. In the latest poll conducted from November 17th to 19th, 57% of young voters said they had a favorable impression of President Trump, while 38% said they had an unfavorable impression. The poll, conducted between October 26 and October 29, found that only 38% of Americans had a favorable opinion of Trump, while 58% had an unfavorable opinion of him.

low income americans They also now have a more favorable view of Trump and Vance. Among voters earning less than $50,000 a year, Vance's favorability rating rose from 33% to 40%, while his unfavorability rating fell from 46% to 38%. Trump's favorability ratings among this group rose from just 33% in October to 50%. Meanwhile, Trump's unfavorability rating remained unchanged at 46%. However, it's still enough to put his likability above water.

Interestingly, President Trump's favorability rating rises even among Democrats. Before the election, only 6% of Democrats said they had a favorable view of Trump. Currently, 14% do so. Vance's popularity has increased his approval rating among Democrats from 7% to 15%.

These changes were strong enough to significantly alter the overall favorability ratings of Mr. Trump and, to a lesser extent, Mr. Vance. President Trump's overall favorability rating currently stands at 51%. Favorability fell from 41 percent to 54 percent to 46 percent. As for Vance, his overall favorability rating increased from 41 percent to 43 percent. Mr. Vance noticed a significant drop in favorability ratings among voters 65 and older.

Economic pessimism is rapidly fading

There are similar changes in the economy. Voters are becoming less pessimistic In the last few weeks. In an October poll, 48% said the economy was getting worse, 25% said it was the same, and 21% said it was getting better. According to the latest opinion poll, 34% of respondents said the economy was worsening, a 12-point drop. The proportion who think the economic situation is unchanged rose to 33%, and the proportion who think it is improving rose to 23%.

Young people are much less pessimistic. In the 18-29 age category, the percentage of people who think the economy is getting worse fell from 39% to 24%. They are now more likely to say the economy is flat, 41% compared to 31% in October.

None of the income groups surveyed are particularly pessimistic. Among people making less than $50,000 a year, the percentage of people who say the economy is worsening fell from 46% to 40%. Among people with incomes above $50,000 and less than $100,000, the rate fell from 56% to 36%. If profits increased, pessimism decreased from 39% to 24%.

President Donald Trump is introduced and applauded by the crowd at a White House event on December 19, 2019. (Official White House photo provided by Tia Dufour)

Overall, few Americans more optimistic about the direction of household financesIn the latest poll, 39% say they expect life to be better in a year's time. This is up from 31% in October. Among young voters, 49% expect their lives to be better in a year, up from 38% in October.

This shift in thinking about the economy is so important that it has the potential to change the trajectory of growth. Americans who expect a better life spend and invest more— and that's especially true for young and low-income Americans. Therefore, if pessimism recedes, the economy is likely to accelerate faster in the coming months.

There is There is still room for improvement. The share of Americans who say the economy is doing well remains fairly low, at 23% compared to 21% in October. That percentage is likely to rise further if Mr. Trump and Mr. Vance can convince Americans that their policies are actually fixing the economy.

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