Some 83% of respondents described the state of the economy as poor or not so good. More than one-third, or 35%, said they aren’t satisfied at all with their financial situation. That was the highest level of dissatisfaction since NORC began asking the question every few years starting in 1972 as part of the General Social Survey, though the poll’s 4-point margin of error means that new figures may not differ significantly from prior high and low points.
Just over one quarter of respondents, 27%, said they have a good chance of improving their standard of living—a 20-point drop from last year—while just under half of respondents, 46%, said they don’t.
The share of respondents who said their financial situation had gotten worse in the past few years was 38%. That marked the only time other than in the aftermath of the 2007-09 recession that more than three in 10 respondents said their pocketbooks were worse off, according to GSS data going back a half-century.
Just how damaging is inflation?
83% in latest WSJ/NORC poll described the state of the economy as "poor or not so good."
That's with 3.6% unemployment and plentiful job openings.
There is simply no escape for politicians in power unless prices drop.https://t.co/D9Z0Fe48fM
— Ben White (@morningmoneyben) June 6, 2022