Voters from both parties feel similarly about America’s financial future– and they’re not optimistic
LOS ANGELES, Nov. 4, 2016 /PRNewswire/ — In light of arguably the most controversial election in history reaching its climax, GOBankingRates surveyed over 1,000 Americans to find that a majority of voters from both parties feel unconfident that the financial state of America will improve during the next president’s term.
The survey probed Americans on their confidence levels of how the wealth gap, homeownership affordability, wages and unemployment will improve in the next four years.
Surprisingly, Trump and Hillary Supporters Align on 3 Financial Issues:
- 83% of Clinton supporters and 84% of Trump supporters aren’t confident that the wealth gap will decrease.
- 60% of Clinton supporters and 61% of Trump supporters aren’t confident that unemployment levels will decrease.
- 81% of Clinton supporters and 76% of Trump supporters aren’t confident that homeownership will become affordable.
However, supporters for both presidential candidates aren’t in total agreement regarding employee wages. While a majority of both Clinton and Trump supporters are generally not confident employee wages will increase in the next four years, Clinton supporters are noticeably more confident 46% of Clinton supporters are confident versus 37% of Trump supporters – a difference of 9 percentage points.
- 16% of males feel “very confident” that employee wages will increase, compared to only 10% of women.
- Baby boomers report being “very confident” that unemployment will decrease, more than twice as often as millennials.
- The highest earners and the lowest earners both report not being confident at all that homeownership will become more affordable (48% and 53% respectively).
- Those making $150,000+ are the least confident income group that unemployment will decrease in the next 4 years.
“The overall shared lack of confidence in America’s immediate financial future from both Trump and Hillary supporters is made ever present by these survey findings,” said Andrew DePietro, Finance Writer for GOBankingRates. “It’s a scary reality that a majority of respondents — sometimes over 80% — are generally not confident that beneficial economic changes will come in the next four years.”
View full survey details here.
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