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American Economic Anxiety: Half Anticipate Collapse Amid Political Divide

American Economic Anxiety: Half Anticipate Collapse Amid Political Divide

A recent survey indicates that almost half of Americans anticipate a 'total economic collapse' within the United States in the next decade. This finding comes from a YouGov poll that reveals 44 percent of respondents consider such an event likely, with 15 percent saying it is 'very likely' and 29 percent describing it as 'somewhat likely.' Conversely, 39 percent of those surveyed believe an economic collapse is unlikely, with 15 percent stating it is 'not likely at all' and 25 percent saying it's 'not very likely.' Furthermore, 16 percent of participants were uncertain, and 2 percent did not provide an answer. The poll surveyed 1,113 U.S. adult citizens between October 17 and 19 and has a margin of error of plus or minus 3.8 percentage points.

The concern over economic collapse varies significantly along party lines. Among Republicans, 21 percent view such an outcome as very likely, while this view is held by only 22 percent of Democrats. However, independents show the highest level of concern with 49 percent considering an economic collapse very likely. Economic anxiety is gaining prominence as a critical issue ahead of the 2024 election. Polls show more than half of Americans perceive the economy as headed in the wrong direction, with economic concerns ranked as the top issue among voters. President Biden's handling of economic matters has drawn widespread dissatisfaction, potentially posing challenges for Vice President Harris.

In contrast, various polls indicate trust in Donald Trump’s economic management. Despite predictions from economic models that inflation could ease and interest rates may drop, 48 percent of Newsweek poll respondents feel worse off now compared to July 2020. This sentiment is particularly strong among Republicans, with 76 percent of Trump supporters indicating they are worse off now than four years ago, as opposed to just 19 percent expressing this view among Harris supporters. Besides the economy, Trump's campaign has also spotlighted immigration, though it ranks lower than inflation in voter concerns.

Abortion has recently surpassed immigration as the second most critical election issue, with noticeable differences in priority between genders: male voters generally focus on border control, whereas female voters are more likely to prioritize reproductive rights. For further insights into this topic or to share your perspectives, you can reach out via email at [email protected].