After months largely on virtual lockdown and with Depression-era unemployment levels, it comes as no surprise that many Americans share a grim view of the economy, with less than a quarter saying economic conditions are excellent or good, while three-quarters term them fair or poor.
Even so, it may be surprising that a Pew Research Center survey of Americans' views on the economy and impact of the massive $2.2 trillion relief package passed by Congress and signed by President Trump found that, despite across-the-board negative views of the nation's financial health, there is optimism for a recovery — shaded by political leanings — within a year.
Given the current fraught partisan divide, it's also noteworthy that approval for the financial aid package is at nearly 90% across political lines. That's a sharp contrast to the 2009 economic bailout signed by President Barack Obama, when nearly 80% of Democrats and those favoring that party supported the $800 billion financial package, while nearly as many Republicans and GOP-leaners disapproved.
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.