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Scott Rasmussen of Rasmussen Reports breaks down his latest finding on economic performance and sentiment.
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Lots of negative news on the US economy though and is affecting the way we feel about -- -- economic future.
As bring in Scott Rasmussen -- -- stuff.
You've got two new polls that show people really on not optimistic go through the -- -- for you force -- -- Well only 14% of Americans right now think the US economy is getting better 66%.
Say that it's getting worse.
That's pretty depressing finding it gets even worse when you look at the trend.
When 2011.
Began.
30%.
Thought the economy was getting better.
That's fallen to just half that level by now.
Now in terms of economic performance and when you've got a bullet characterizes that performs what is 62%.
Think it's what -- -- is that it it's.
That's right 62%.
Say the economy is in poor shape.
A whopping 9% single -- say it's doing good or excellent and -- the thing that you have to remember these aren't just people hearing news reports.
These are also what people were experience your day to day lives only 16%.
Of Americans one out of six believe their own finances are getting any better.
Now this is not what I'm used to in America on the -- -- for forty years and the traditional view was that your children and grandchildren would it would do better than you did.
You came to this country so that your children would do better.
That America was a place of optimism -- things would get better over a period of time.
I've put it to -- -- categorizing.
A complete reversal in that point of view luncheon.
Well right now there's two factors going on there's the short term economic concerns which are which note -- a cyclical nature we've had at this -- for.
But there is a growing sense that something has changed in that long term optimism is -- Two out of three Americans say today's children would not be better off than their parents and a number I keep coming back to the housing market is one of one you talked about a lot.
But probably not enough only four out of ten homeowners.
Believe the value of their home will go walked in five years hall not this year not next five years.
Most homeowners are saying no we don't think it's gonna happen that is a change.
Now all you all polls do you think predictive.
And -- it was it if people have a very negative outlook now is that outlook confirmed.
Late.
You know the short term numbers when we talk about the daily consumer and investor confidence numbers and -- tend to get a pretty good sense of where things are heading in the relatively short term.
Those longer term numbers.
That depends on what happens in the world around us.
We saw very negative numbers in the United States in the 1970s.
We have a new president come in and five years later they were talking about morning in America.
It takes leadership and a change in the way Washington is behaving towards -- nation Scott Rasmussen -- on it thanks so much indeed stop thank you.
