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.

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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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