Consumer Confidence Has Remained Positive Since Trump’s Election
American consumer economic confidence has remained positive for the entirety of Trump’s presidency, according to an IBD/TIPP poll released Thursday.
The national telephone poll surveyed 905 adults nationwide, of whom 53.9 percent believe that their financial situation will either remain stagnant or improve over the next six months, a number that rose 0.6 percent in June as a part of a record run of 21 months above 50 percent.
“People are also divided on where the economy and national economic policy are eventually headed, particularly in light of the tariff situation, but they are more positively aligned when it comes to their own personal finances,” IBD commentary editor Terry Jones said.
“The majority believe that their financial situation will stay the same or improve over the next six months,” Jones continued. “So, regardless of their view of the big picture, Americans don’t appear overly concerned about it affecting their financial lives in the near-term.”
Despite the poll’s finding that President Donald Trump’s approval rating is only 37 percent, it also found that 47 percent of Americans are satisfied with the direction the country is headed. Also, 56 percent of those polled (up 2 percent from last month) say the economy is improving.
The IBD/TIPP poll was touted as the most accurate poll in the past four presidential elections as well as being one of only two national polls that correctly predicted the outcome of the 2016 presidential election. The margin of error for the poll is plus or minus 3.3 percentage points.