Newsweek, November 2024
Americans’ confidence in the economy has improved considerably since before the 2024 election, according to a new survey. Gallup recorded a 9-point improvement in Americans’ confidence in the economy in its first poll since the Republican election sweep, with President-elect Donald Trump winning back the White House and the GOP securing control of both chambers of Congress. The poll, conducted between November 6 and 20, found Americans now rank their confidence in the economy at -17, up from -26 in October. The survey was conducted among a sample of 1,001 adults living in all 50 U.S. states and the District of Columbia and has a margin of error of plus or minus 4 percentage points.
The economy was the top issue for voters in November’s election, with polling consistently finding that voters were pessimistic about its state. A survey conducted on behalf of Newsweek in October found that more than half of Americans believed the economy was heading in the wrong direction. According to Gallup, about 36 percent of Americans now believe the economy is improving, up from 32 percent in October. Fifty-five percent think it’s getting worse, down from 62 percent in October. Gallup found that 26 percent now rate the economy as excellent or good, up just 1 percent from October. Thirty-two percent say it’s fair, up 3 points since October, while 40 percent say it’s poor—down 6 points since October.
