More than 80% of Americans are pessimistic about the U.S. economy

An overwhelming majority of Americans (83%) believe that the United States economy is in poor or deplorable condition, with 17% completely dissatisfied with their financial situation. This is evidenced by the results of an opinion poll published on Monday, conducted by the sociological service NORC.

The results of the survey show that dissatisfaction of Americans with the state of the economy of their country has reached the highest level since 1972. Only 27% expect their standard of living to improve. At least 46% of Americans do not believe this is possible. The number who say their financial situation has worsened in recent years was 38%. This is only comparable to the period of the financial crisis and recession of 2007-2009.

Almost six out of every 10 Americans are pessimistic about the prospects for the majority of the U.S. population to realize the “American dream. Respondents blame rising inflation as the main reason for the deplorable state of the country’s economy. According to the newspaper, such sentiments might affect the results of the mid-term elections to Congress in November, as the voters will blame the ruling Democratic Party for all the economic problems.