July Polls Show 77% of Americans Rate Economy Poorly as Iran War Lifts Costs
Updated
Updated · abcnews.com · Jul 29
July Polls Show 77% of Americans Rate Economy Poorly as Iran War Lifts Costs
3 articles · Updated · abcnews.com · Jul 29
Summary
CNN found 77% of Americans rate the economy poorly and just 23% call it good, capping a month of surveys showing broad pessimism as the Iran conflict enters its fifth month.
3.5% June inflation and war-driven oil shortages have kept price anxiety high: 69% are very concerned about healthcare costs, 66% about food, and 56% about gasoline, up from 34% in January.
48% of Americans expect the economy to worsen over the next year versus 20% who expect improvement, while 59% doubt their family can raise its standard of living.
70% disapprove of President Donald Trump's handling of the economy in CNN polling, and 60% in Pew say his policies have made conditions worse, up from 52% in January.
32% of Americans now say Republicans have the better economic plan versus 31% for Democrats in Reuters/Ipsos, showing the GOP's early-term advantage has nearly vanished ahead of the November midterms.