Majority of Americans Still Wary About Economic Prosperity in 2025—Here’s Why | Global News Avenue

A recent survey shows Americans are optimistic about the stock market, employment and inflation in the coming year, but they remain unconvinced an economic boom is around the corner.

A recent Gallup survey showed that overall, 66% of respondents expect the stock market to rise in 2025, while another 54% believe that the year will see full employment or increasing employment levels. A minority of 52% believes prices will rise to a reasonable level despite lower inflation in 2024 Above the Fed’s target level 2%.

Despite this positive sentiment, polls show that most Americans are not expecting a prosperous year, with 56% saying they expect 2025 to be a difficult year for the economy.

These concerns are caused by concerns about federal budget deficit will increase, which bothers 62% of respondents, while half expect taxes will be higher For a year.

Political views view the economy differently

Surveys show that politics influence people’s views on the economy. Republicans show far more enthusiasm than Democrats and political independents, with 78% expecting the economy to prosper this year, while only 40% of independents and 15% of Democrats express similar views.

optimistic Donald Trump’s re-electionMore than 80% of Republicans say taxes will fall, jobs will increase, inflation will cool and the stock market will rise in the next year.

“Trump’s victory in November galvanized Republicans and undoubtedly contributed to their support. generally positive expectations One year ahead,” Gallup reports. “Across 13 dimensions, Republicans’ positive forecasts are 30 to 79 points higher than two years ago, while Democrats’ forecasts are 5 to 59 points lower. ”

However, independents only made positive forecasts for the stock market and labor market; otherwise, they had a negative view of the economy’s future.