Poll: Americans Expect More Economic Despair in 2023

According to Gallup, a majority of Americans believe that 2023 will bring greater economic problems such as increased taxes and high inflation.

Eight in 10 respondents believe The federal deficit will cause taxes to rise, and two-thirds believe prices will rise. Stock markets will continue to plummet.

This poll comes amid troubling signs regarding the U.S. Economy: Home sales fell The 10th consecutive December was marked by household wealth and the 10th consecutive month of December plummeted By $13.5 Trillion in 2022

Voters’ pessimism reaches to politics with 90% anticipating domestic conflict and 85% foreseeing a resurgence of international tension. “troubled year with much international discord.”

The negative American views of the economy have reduced President Joe Biden’s approval rating. He has been criticized for his record-high levels of inflation and excessive deficit spending. A December Wall Street Journal Poll found Respondents believe that the economy is healthy at 65 percent “headed in the wrong direction.”

Gallup shows that while Republicans and independents tend to be pessimistic about the prospects of the country in the new year’s future, Democrats are more optimistic. found:

Majorities of Democrats see five positive developments in 2023. These include full employment (69%), an increase in prices (53%), a rising market (53%), and an increase in U.S. strength (56%) as well as a decrease of Russian power (79%). 

Democrats are less likely to predict political cooperation (13%), and peace mostly free from international disputes (21%).

61% of independents and 47% among Republicans believe that Russian power will decrease in the future.

Except for the 36% who expect few strikes by labor unions in the next year, only 23% of Republicans anticipate a positive outcome in any of the 11 other dimensions.