U.S Residents Continue to Experience Economic Downturn

February 29, 2024

Every month, we conduct a survey of  U.S. residents to explore their views on the economy, finances, and the government. This month, our survey was conducted between February 23 and 25, 2024.


Download the report to learn more.

Some of the key highlights on the U.S. economy include…

  • Concerns that the U.S. is in a recession have remained steady in recent months, with more than half (56%) believing that the U.S. is currently experiencing a recession.
  • There is a downward shift in U.S. residents reporting their household finances as good, with only 55% indicating their household finances are good, a decrease of 3 points compared to January 2024 (58%).
  • More than half of U.S. residents (55%) say they are living paycheck to paycheck, an increase of 6 points compared to January 2024 (49%).
  • 41% of U.S. residents who are currently employed are concerned about losing their job in the next 12 months.

Some of the key highlights on U.S. politics include…

  • Trump is taking the lead in voting intentions. If the Presidential election were to be held today, Trump would secure 46% of the votes, while Biden would secure 42%.
  • Donald Trump is still the preferred Republican candidate for president in 2024, receiving 75% of support from Republican voters, while his only rival still in the race, Nikki Haley, is preferred by 10% of the Republican voters.
  • Ron DeSantis (21%) would be the preferred candidate to be Donald Trump’s vice president running mate if he receives his party’s nomination, followed closely by Vivek Ramaswamy (16%).
  • Nearly one-third (32%) think that Donald Trump should be the Republican candidate, even if he is convicted and imprisoned. This number is significantly higher among republican voters (64%).
  • Seven out of ten Republicans (70%) would vote for Donald Trump even if he were found guilty and imprisoned. This marks a 6-point increase since January.
  • Almost one-third (30%) think the 2024 presidential elections will take place peacefully, while 70% think there will be disturbances, protests, and civil disobedience. Republicans are more likely to think the election will be peaceful (36%).
  • More than half of Americans disapprove of Joe Biden’s job as president (54%), while less than one-third approve (31%).

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