Chart of the Day: Gallup Poll, More Cite Gov’t as Top US Problem and Inflation Ranks Second

What are the major concerns of Americans today?

In Gallup’s latest poll, more Americans name the government as the nation’s top problem, which encompassed the rocky start of the 118th Congress’ term. With high prices persisting, inflation remains the second most-cited problem (15%), and amid elevated tensions about the southern U.S. border, illegal immigration increased to 11%. Mentions of the economy, in general, fell six points to 10%, the lowest reading in a year. See this in the chart below.

The government ranks interestingly enough as the top problem for both Republicans and Republican-leaning independents (24%) and Democrats and Democratic-leaning independents (18%). Inflation and immigration are each cited by 18% of Republicans, while mentions of inflation (11%), the economy in general, and race relations (9% each) trail the government among Democrats. Democrats are more likely than Republicans to view unifying the country and the environment as top problems. See this in the chart below.

Most Important US Problems by Party 2023-01

The resulting Economic Confidence Index, which summarizes responses to the current conditions and economic outlook items, 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). The latest -39 reading is identical to last month but well above the -58 score last June amid high gas prices and the record low of -72 in October 2008, during the Great Recession. The ECI has been in negative territory since July 2021, when the U.S. inflation rate was on the rise. See this in the chart below.

Meanwhile, according to Bankrate’s Annual Emergency Fund Report, 68% of people are worried they wouldn’t be able to cover their living expenses for just one month if they lost their primary source of income. And when push comes to shove, the majority (57%) of U.S. adults are currently unable to afford a $1,000 emergency expense. When broken down by generation, Gen Zers (85%) and Millennials (79%) are more likely to be worried about covering an emergency expense.

When asked, “If you lost a primary source of income tomorrow, how worried would you be about having enough emergency savings to cover your immediate living expenses over the next month?” See the responses below in the chart and learn more here.

Loss of income worries chart

The growing concerns of an impending recession have significant implications for the middle class in America. Job loss, reduction in income, the rising cost of living, and a decrease in savings are just a few of the effects that the middle class is facing. It will be important for policymakers to take the necessary steps to mitigate the financial impact of a recession on the middle class and to support their recovery in the long term.

However, the Biden administration is not making the economy a top priority, rather their focus is on fighting foreign wars and amplifying the ongoing culture war issues. Hence, one can understand that many conservatives worry about the decay of a functioning government that is not well-positioned to handle these upcoming issues.

Folks will need to be reminded of this as we move into the 2024 political season.

See more Chart of the Day posts.

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 RWR original article syndication source.

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Posted by Bekah Lyons

"The simple step of a courageous individual is to not take part in the lie. One word of truth outweighs the world." Aleksandr Solzhenitsyn

I was born and raised in the enigma known as "The Big Easy." There, rooted along the banks of the great Mississippi River between the creeping bayou and Lake Pontchartrain, I was conscripted on all things pertaining to human nature.  I am the quintessential southern woman, that is to say, I defy most could never accurately define what that label truly represents.  Brined below sea level where one respects; the haunts lingering about, the force of storm surge, the ethos of Mardi Gras, and the sanctity of generational family-I know what it is to belong to an organically diverse culture.

Early on in life, my career path serpentined and led to brief stints of living varied experiences as I indulged my passions for painting, musical theater, and the culinary arts. My young experiences evolved my purpose and honed my intuitive skills and I became a Medical Professional specializing in mental health with a focus on child/adolescent needs. After living decades in NOLA, and after hurricane  Katrina unearthed the realities of modern-day inner cities, I made the pivotal decision to relocate to where my family and I spent our summers in a quest to find security and civility in my life.

High up on one of the "grandfather mountains" I now perch in a Smoky mountain community in East Tennessee. Although, I would not trade my formative years in Louisiana, unfortunately,  that era of  America  is  no longer obtainable in the times we live - changing course was the best decision "Evah!"

I am a warrior  for freedom and truth , steeped in my ancestral history ,I am constantly reminded that stillness and introspection expands the mind and heart to possess a more nuanced understanding of all things in our internal and external world. We are all destined to bash ourselves against the rotted cultural rocks of humanity's unraveling until we recognize that a shared moral tone is essential for a free society. A healthy culture is one comprised of many unique people who offer shading and depth to the experience of living, yet all choose to accept basic truths that bind us all together-a societal moral tone. Intolerance  , censorship, intersectionality, cancel culture, apathy ,and ignorance will only groom oppression and tyranny.  Critical thought, differentiation, and dissent is your individual right granted not by government -and must always be protected, championed, and defended.

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