POLL: Americans Haven’t Been This Pessimistic About The Economy Since The Housing Crisis

(Photo by Anna Moneymaker/Getty Images)

Daily Caller News Foundation logo
Font Size:

Pessimism about the economy has reached its highest point since 2008, according to an ABC News/Ipsos poll released Sunday, with an overwhelming majority of Americans believing the economy is getting worse.

Only 12% of Americans believe the economy is improving, ABC reported, with 69% believing the economy is getting worse and 18% saying things would stay the same. The figures represent Americans’ worst collective outlook on the economy since the middle of the 2008 housing crisis, when 82% of Americans believed the economy was getting worse. (RELATED: ‘That Sound You’re Hearing Is The Goalpost Moving’: Tucker Rips Media For Recession Flip-Flop)

President Joe Biden received low marks for his handling of the economy, with 62% disapproving, and inflation, where he is receiving a 69% disapproval rating. Americans’ approval of Biden’s handling of gas prices increased to 34% from a mark of 27% in a June poll.

The economy contracted by 0.9% in the second quarter of 2022, according to the Bureau of Economic Analysis, following a 1.4% decline in the Gross Domestic Product (GDP) in the first quarter. Two consecutive quarters of GDP shrinkage is colloquially considered the definition of a recession, according to Investopedia.

Republicans were showing more enthusiasm to vote than Democrats in the upcoming midterm elections, with 75% saying they were at least somewhat enthusiastic compared to 68% of Democrats and 49% of independents, according to the ABC poll of 665 adults, which had a 4.2% margin of error.

The White House did not immediately respond to a request for comment from the Daily Caller News Foundation.

All content created by the Daily Caller News Foundation, an independent and nonpartisan newswire service, is available without charge to any legitimate news publisher that can provide a large audience. All republished articles must include our logo, our reporter’s byline and their DCNF affiliation. For any questions about our guidelines or partnering with us, please contact