Americans in Gloomy Mood About 2023
Most Americans predict economic struggles, political conflict in the U.S., and international chaos in 2023.
Most Americans predict economic struggles, political conflict in the U.S., and international chaos in 2023.
Democrats are more optimistic than Republicans, reflecting historical trends of partisans being more optimistic when their party is in the White House.
WHY IT MATTERS – Economic sentiment is often a self-fulfilling prophecy. Expectations of economic struggles can lead people to pull back spending, which can lead to a recession.
PREDICTIONS – A recent Gallup poll revealed the following about Americans’ expectations for 2023:
90 percent predict political conflict
85 percent predict international discord
81 percent predict taxes will rise
79 percent predict economic difficulty
78 percent predict the federal budget deficit will increase
73 percent predict that China’s power will increase
72 percent predict rising crime rates
65 percent predict prices will rise at a high rate
64 percent predict American power will decline
BOTTOM LINE – Americans expect 2023 to be a lot like 2022.
GO DEEPER –