“Economic Pessimism Growing in U.S.”

“Gallup’s Economic Confidence Index measured -45 in May, down from -39 in each of the previous two months. It is the lowest reading in Gallup’s trend during the coronavirus pandemic, and likely the lowest confidence has been since the tail end of the Great Recession in early 2009.

Gallup’s Economic Confidence Index is a summary measure of Americans’ perceptions of current economic conditions and their outlook for the economy. It has a theoretical range of +100 (if all respondents say the economy is excellent or good and that it is getting better) to -100 (if all say it is poor and getting worse)…

Currently, 14% of U.S. adults rate economic conditions as either “excellent” or “good,” while 46% say they are “poor,” with another 39% rating them as “only fair.” The Confidence Index takes into account the net of excellent and good versus poor responses, which is -32 this month. In April, 20% of Americans rated the economy positively and 42% said it was poor, a net of -22. Meanwhile, 20% of Americans say the economy is getting better and 77% say it is getting worse, essentially the same as in April and March…”

https://news.gallup.com/poll/393176/economic-pessimism-growing.aspx