The US economy continues to be a major issue for people around the country. Though some are claiming that the situation is improving, others aren’t as confident. How have attitudes about the economy changed over the past year? And what are the biggest concerns regarding the economic outlook?
In Ask Your Target Market’s latest survey, 47% of respondents said they are very concerned about the current state of the US economy. 44% said they are somewhat concerned about the economy. Just 7% said they are not very concerned. And 3% said they are not concerned at all. Those numbers remain basically unchanged from a February 2013 survey.
There are plenty of different issues under the economic umbrella. Are any opinions changing about which of these are the most important? 43% of respondents said that jobs are their main concern when it comes to the economy. That’s the same number of respondents who chose jobs as their top concern in the February 2013 survey.
But there were some other issues that people found important as well. 26% said they are mainly concerned about the US debt. 11% are concerned with taxes. 6% are most concerned by the housing market. 6% are worried about business success. 3% are worried about the stock market. And 5% are concerned with other things, such as insurance and education debt.
Going forward, how do Americans see these issues shaping up? Just 8% of respondents said they think the economy is definitely heading in the right direction. 27% think it is somewhat heading in the right direction. 45% do not really think it is. And 20% don’t believe the economy is heading in the right direction at all.
Just 9% said they are very optimistic about a full economic recovery at some point. 31% said they are somewhat optimistic. 28% were somewhat pessimistic. 16% were very pessimistic. And 16% were completely unsure. In the February 2013 survey, 13% of respondents described themselves as very optimistic about the future of the economy, so people are obviously not gaining a lot of confidence.
You can view the complete survey results in the widget below and be sure to click “Open Full Report” to take advantage of all the chart and filter options.
What do you want to know? If you need some consumer insights on a particular topic, let us know in the comments below and we’ll consider it for an upcoming survey post.
Results were collected on January 8 via AYTM’s online survey panel.