Americans economic and political predictions 2023| ��ƽ��

Americans economic and political predictions for United States interests in 2023

Issue	Positive prediction for U.S. interests	Negative prediction for U.S. interests
Tax rises	18%	81%
Economic prosperity	20%	79%
Federal budget deficit	21%	78%
Price rises	35%	65%
The stock market	36%	63%
Employment	46%	53%
Political cooperation	9%	90%
Crime rates	28%	72%
Labor union strikes	42%	56%

Download

Source

Show detailed source information?

Already a member?

Source

Release date

January 2023

More information

Region

United States

Survey time period

December 5 to 19, 2022

Number of respondents

1,803 respondents

Age group

18 years and older

Method of interview

Online survey

Supplementary notes

The source does not indicate why some values do not total to 100%.

Citation formats

According to a poll conducted at the end of 2022, Americans were feeling quite pessimistic about the coming year. 90 percent of Americans felt negatively about the prospect of political conflict in 2023.

The Economy

2022 was a difficult year for many Americans, as it was for many around the world. After a year of high inflation, record fuel prices, and decreased financial security, the country greeted 2023 with high rates of skepticism and caution. Although the U.S. economy itself has experienced a strong rebound from the pandemic recession compared with other major economies, a sustained decline in consumer spending power thanks to wage growth not keeping pace with inflation has everyday Americans feeling the pinch.

U.S. political landscape

The political scene in the U.S. also had a tumultuous few years in the lead up to 2023. The election of Donald Trump as the 45th President of the United States in 2016 left many voters reeling and the country more divided than ever. The beginning of 2021 was market by the January 6th attack on the Capitol, as well as the inauguration of Joe Biden. Additionally, the country continued to grapple with a politicized response to the COVID-19 pandemic and associated restrictions. 2022 began with the Russian invasion of Ukraine, ushering in the beginning of a global fuel and inflation crisis. In the midst of hardening economic conditions, the Supreme Court overturned its ruling on Roe v. Wade, returning the power to decide abortion restrictions to state legislatures.

The 2022 midterm elections saw Republicans win enough seats to take back control of the House of Representatives, but saw the GOP ultimately underperform compared to predictions at the time. The first day of the 2023 congressional term was marked by the inability of the Republican Party to unify itself behind one candidate for Speaker of the House, leading to a once in a century multi-round of Speaker elections. With new members of the House not able to be sworn in until a Speaker is elected, 2023 had a difficult start.