Economic Recession and Household Finances

March 29, 2024

Every month, we conduct a survey of Canadians and Americans to explore their views on the economy, finances, and politics. This month, our survey was conducted between March 23 and 25, 2024.

Some of the key highlights of our survey about the economy and American Politics include…

  • 62% of Canadians consider their household finances to be good, while 56% of Americans feel the same way.
  • Six out of ten Canadians (60%) and nearly the same proportion of Americans (59%) believe that their respective country is in recession.
  • Almost half of Canadians (48%) say they live paycheque to paycheque, while 57% of Americans  say the same thing.

Some of the key highlights of our survey about American politics…

  • Trump is taking the lead in voting intentions. If the Presidential election were to be held today, Trump would secure 48% of the votes, while Biden would secure 43%.
  • Ron DeSantis (22%) would be the preferred candidate to be Donald Trump’s vice president running mate if he receives his party’s nomination.
  • Nearly one-third of Americans (31%) think that Donald Trump should be the Republican candidate, even if he is convicted and imprisoned. This number is significantly higher among republican voters (60%).
  • Seven out of ten Republicans (70%) would vote for Donald Trump even if he were found guilty and imprisoned.
  • One-third of Americans (33%) think the 2024 presidential elections will take place peacefully, while 67% think there will be disturbances, protests, and civil disobedience. Republicans are more likely to think the election will be peaceful (46%).
  • More than half of Americans disapprove of Joe Biden’s job as president (53%), while a third approves (31%).

Methodology

This web survey was conducted from March 23 to 25, 2024, with 1,605 Canadians and 1,000 Americans, 18 years of age or older, randomly recruited from LEO’s online panel.

A margin of error cannot be associated with a non-probability sample in a panel survey. For comparison, a probability sample of 1,605 respondents would have a margin of error of ±2.45%, 19 times out of 20, while a probability sample of 1,000 respondents would have a margin of error of ±3.1%, 19 times out of 20.

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