Although most Americans continue to rate the economy negatively, sentiment has improved slightly recently, and Americans now believe the long-term outlook looks more stable. . In this context, more and more people are noticing lower gas prices.
The share describing the economy as at least in fairly good shape rose to match its highest level in nearly two years. Early 2022.
And Americans are less pessimistic when making plans for next year.for Most of 2023, 6 in 10 expected the economy to slow or go into recession. Today, that number has declined to nearly half of Americans. Correspondingly, the proportion of respondents who expect the economy to stabilize or grow has also increased.
And these days, many people are feeling some relief at the gas pump. Currently, only a quarter of people are reporting an increase in gas prices in their area. About half of those who said so during the summer. Currently, the majority of people say gas prices are going down, and one-third say prices are staying the same.
President Biden does not seem to be well received by the public for these changes. He has not improved either his overall approval ratings or ratings of his handling of the economy. And when asked what the most important issue facing this country is, Americans still say: inflation It’s at the top of the list.
This CBS News/YouGov survey was conducted using a nationally representative sample of 2,157 adult U.S. residents interviewed from January 3-5, 2024. The sample is weighted according to gender, age, race, and education based on the U.S. Census’ American Community Survey, Current Population Survey, and past voting. The error is ±2.8 points.