Poll: How do you rate the economy?
May 24th, 2013
05:00 AM ET
2 years ago

Poll: How do you rate the economy?

Washington (CNN) - Two-thirds of Americans say that the nation's economy is in poor shape, but a new national poll indicates there are a few glimmers of optimism.

According to a CNN/ORC International survey released Friday morning, a third of the public says economic conditions are good right now. That's up seven percentage points from the 26% who felt that way in a CNN poll from December. And the 67% who rate the nation's economic conditions as poor is down from 74% at the end of last year.

The poll also indicates that the number who say that conditions are "very poor," the worst option offered in the questionnaire, stands at 29%, the lowest point in over a year.

"Any positive changes in the economy appear to have only helped college graduates, while the rest of the country is still struggling," says CNN Polling Director Keating Holland. "The number of college graduates who think the economy is in good shape rose from 34% in March to 42% now, compared to no significant change among Americans with no college degree."

According to the survey, a majority say that the economic news they have heard recently has been mostly bad, but there is a glimmer of hope there as well. Thirty-seven percent say that the economic news they have heard recently has been good. That's up from 21% who said the same thing in a CNN poll from 2010.

Has the bull market on Wall Street made a difference?

"For some Americans, probably yes, but whether you consider record-high Dow Jones averages as good news probably depends on whether you own stocks. People who make more than $50,000 a year - and are much more likely to own stocks - are also much more likely than lower-income Americans to say that they have heard good economic news recently," adds Holland.

The CNN poll was conducted May 17-18 by ORC International, with 923 adults nationwide questioned by telephone. The survey's overall sampling error is plus or minus three percentage points.

– CNN Political Editor Paul Steinhauser contributed to this report


Filed under: CNN/ORC poll • Economy
soundoff (89 Responses)
  1. JJones

    This just in.. people with money say the economy is ok..

    May 24, 2013 11:27 am at 11:27 am |
  2. Independent Voter

    Where do the thousands of unemployed Americans who have given up looking for work fit into this picture? They seem to be the forgotten ones.

    May 24, 2013 11:28 am at 11:28 am |
  3. ghostriter

    Fair, I am well aware of that HB-1 visa BS Microsoft and other folks are peddling. We are not happy about that at all. We saw this coming back when Dell thought it a good idea to outsource their call centers.

    But i shows how much of a joke this stuff is. And how we all fall for this WWE like script of republicans vs democrats. While we are holding hearings on the latest president to use the IRS to go after folks he doesn't like (agree or not, believe it or not), they are passing laws like the CISPA where your e-mails can be forwarded to the government without your consent. On the immigration front, they are not fighting over allowing them to work here. They are fighting over whether or not they get healthcare. Really?

    No one wants to solve anything. They want us to continue looking for birth certificates and Benghazi e-mails.

    May 24, 2013 11:29 am at 11:29 am |
  4. Bob

    The economy is good and getting better if you're rich, bad and getting worse if you ain't. And so it ever shall be until we get the Republican standard bearers of the rich and super rich out of Congress.

    May 24, 2013 11:31 am at 11:31 am |
  5. Anonymous

    If the Repubs/Tea Partiers would help this President in creating jobs then things would be much more positive. All those who have been following the obstruction since 2009 know where the blame lies. The President has had a jobs bill out for years so what is holding it up?

    May 24, 2013 11:37 am at 11:37 am |
  6. RAWoD

    The only way we can remove these bozos from government is to NOT VOTE FOR THEM.

    May 24, 2013 11:51 am at 11:51 am |
  7. Blah blah the wheel's off your trailer

    @Fair

    NO, I don't care to restate my comments because I believe my estimates are very accurate.

    May 24, 2013 11:55 am at 11:55 am |
  8. average joe

    Everyone has got it all wrong...you blame republicans for taking care of the rich and the democrats for handing out to the poor. The problem is that both political parties benefit while middle america suffers. I dont think i've seen a "poor" democrat, they just want everyone else to foot the bill. Republicans just don't want anyone messing with their money. The only way to achieve real change is to put term limits on all members of congress, same rule presidential office follows and then see how many of these politicians change their tune. They live in a dream world not the reality that 99% of us do. We need to stop aligning ourselves as democrats or republicans, liberals or conservatives. We are all Americans and we need to take our country and our broken government back..."A house divided against itself cannot stand!" A.L.

    May 24, 2013 11:58 am at 11:58 am |
  9. Fair is Fair

    Blah blah the wheel's off your trailer

    @Fair

    NO, I don't care to restate my comments because I believe my estimates are very accurate.
    ------–
    You're "estimates" are in direct conflict with the federal governmen'ts official data. So who's right – you, or the federal government?

    May 24, 2013 12:04 pm at 12:04 pm |
  10. Virginia

    I am with you, Anonymous. The repubs whose only wish is to crucify Obama are to blame for the state of the country. Obama had a list of jobs like rebuliding infrastructure that only needed congressional approval that would have put people to work. I am not rich but comfortable and can hang in there till we get rid of these sorry repubs or at least wake them up that they were elected for the good of the country, not what they can pocket from the NRA and and other special interests.

    May 24, 2013 12:05 pm at 12:05 pm |
  11. george cook

    STILL dragging along under "O" Leadership from the White House who know NOTHING about and ECONOMY and how it is supposed to function other than "Everyting Should be Federal Government Controlled"...haven't some other countries, who have fallen, tried that before????????????????

    May 24, 2013 12:12 pm at 12:12 pm |
  12. george cook

    annoymous....This President and the WH. know "O" NADA NOTHING about how to created jobs...that my friend is the problem not the Tea Party or the GOP...but the WH and the Left Oriented Senate....too many past lawyers I would suspect in the Little Old Country Club in Washington !!!!!!!!!!!

    May 24, 2013 12:14 pm at 12:14 pm |
  13. FloodofLies

    I think they want people to buy back into the economy and reinvest savings and meanwhile continue to spend more as in the past. Unfortunately, many have lost their savings, still don't have good job after losing it. Meanwhile inflation is kicking in nicely for all the funny money being printed. Gold and silver are at nice lows oddly enough when they should be through the roof. I'm a firm believer that markets are manipulated just as the media is. What ever happened to Europe as well, it must have fallen off the map?

    May 24, 2013 12:19 pm at 12:19 pm |
  14. Thomas

    @Minnie Mouse
    The economy is not good. When you have people living under bridges, on the streets, in tents, and dependinng on shelters just to get a meal this is not good. All of these are to expensive:: Food, gasoline, college, healthcare, a new car,childcare, rent, mortages ect.. The economy is only good for the wealthy and the low income, because these are the families who don't need assistance or get assistance. For everyone who's working in the middle class, it's taking two and three incomes just to survive. Minimum wage has gone up approximately $4.50 in 28 years. The costs of livng is rising faster than the wages. We need to have price gouging laws in all states and also raise the poverty income level. This will help keep costs down and get Americans back into working and paying taxes, to become self reliant.This would improve the economy.

    =========

    Thank you President Ronald Reagan for all you did for mental health and education ,

    The Shining City Upon A Hill.

    May 24, 2013 12:59 pm at 12:59 pm |
1 2 3 4