After President Trump’s loss to former Vice President Joseph R. Biden Jr., more than 40 percent of Republicans who were polled for The New York Times said they expected their family to be worse off financially in a year’s time, up from 4 percent in October. Democrats expressed a rise in optimism — though not as sharp as the change in Republican sentiment.
The new polling, by the online research firm SurveyMonkey, reaffirms the degree to which Americans’ confidence in the economy’s path has become entwined with partisanship and ideology. In the days after the election, for the first time since Mr. Trump took office in 2017, Democrats and independent voters expressed higher levels of confidence in the economy than Republicans did, The New York Times’s Jim Tankersley and Ben Casselman report.
Here are some of the survey’s findings:
Democrats in November were nearly three times as likely as they were in October to say they expected good or very good business conditions in the country over the next year. They were more than twice as likely as they were in October to say they expected “continuous good times economically over the next five years.”
Republicans were actually more likely to say that they were doing well in November, compared to October. But nearly three in four said they expected “periods of widespread unemployment or depression” in the next several years, up from three in 10 in October.
Some of Mr. Biden’s proposals earn support from Republican voters. More than four in 10 Republicans support raising taxes on people earning more than $400,000 a year. Three-quarters of Republicans support a proposal to guarantee paid sick leave to workers during the coronavirus pandemic.
Big partisan shifts in confidence have become common following elections in recent decades. Republicans’ economic sentiment fell when Barack Obama was elected president in 2008, then soared when Mr. Trump was elected in 2016. Republicans’ self-reported confidence remained well above Democrats’ for the entire Trump administration, until the election caused the pattern to reverse again.
About the survey: The data in the article came from an online survey of 3,477 adults conducted by the polling firm SurveyMonkey from Nov. 9 to Nov. 15. The company selected respondents at random from the nearly three million people who take surveys on its platform each day. Responses were weighted to match the demographic profile of the population of the United States. The survey has a modeled error estimate (similar to a margin of error in a standard telephone poll) of plus or minus 2.5 percentage points, so differences of less than that amount are statistically insignificant.