AP-GfK Poll: Americans still feeling economic gloom, but feel more positive than a year ago

WASHINGTON – Americans are more likely than they were a year ago to have positive views of the nation’s economy, but they’re still feeling more pessimism than optimism, according to a new Associated Press-GfK poll conducted ahead of CNBC’s GOP primary debate on Wednesday.

The candidates will attempt to impress Republicans in particular, who the poll finds feel much gloomier about the economy than Democrats.

Here are some things to know about opinions on the economy from the latest AP-GfK poll:



A majority of Americans — 54 per cent — say the nation’s economy is poor, the new poll shows. Just 45 per cent call it good. Still, views of the economy are slightly rosier than they were over the summer, when a July AP-GfK poll found 41 per cent of Americans described the economy as good, and more positive than they were a year ago, when just 38 per cent said so.

Half of men, but just 4 in 10 women, describe the economy as good.

Americans are even less likely to see the nation heading in a positive direction overall. Just 36 per cent think the country is heading in the right direction, while 63 per cent think it’s headed in the wrong direction.

More than 8 in 10 Americans in the new poll described the economy as an extremely or very important issue, down slightly since July. Still, the economy rates higher in importance than any other issue in the poll.



The candidates will aim their messages at a Republican Party that has a particularly negative view of the economy.

While 65 per cent of Democrats describe the economy as good, just 29 per cent of Republicans say the same. Seven in 10 Republicans say the economy is poor, including more than 8 in 10 GOP supporters of the tea party. Eight-five per cent of Republicans say the country is heading in the wrong direction.

Independents, too, are unhappy with the economy, with 33 per cent seeing it as good and 62 per cent poor.



Few Americans — just 17 per cent — think the economy has improved over the past month, while 21 per cent think it has gotten worse and the bulk — 60 per cent — think it’s stayed about the same.

Most Americans don’t expect to see improvement in either the nation’s economy or their own financial situations in the next year, either.

Thirty-one per cent say they expect the general economic situation to get better, 32 per cent expect it to get worse, and 34 per cent expect it to stay about the same. Likewise, 29 per cent expect their household financial situation to get better, 25 per cent expect it to get worse, and 44 per cent expect it to stay the same.

Republicans are more likely than Democrats to say the economy has gotten worse in the last month, 31 per cent to 13 per cent. Democrats are more likely than Republicans to expect it to get better in the next year, 40 per cent to 21 per cent.



Whichever GOP candidate emerges victorious in next year’s presidential primaries will need to convince Americans that the party can do a better job than Democrats at handling economic issues.

Americans are slightly more likely to say they trust Democrats than Republicans more on handling the economy, 29 per cent to 24 per cent, the poll shows.

But neither party’s a clear winner on the issue — 15 per cent say they trust both equally and 30 per cent say they trust neither party.

Republicans are more likely than Democrats to say they trust neither party, 29 per cent to 17 per cent. A majority of independents — 55 per cent — don’t trust either party.



Americans are slightly more likely to disapprove than approve of President Barack Obama’s handling of the economy, 52 per cent to 46 per cent, according to the new poll. But that’s an apparent rise in his approval rating on the issue since July, when just 42 per cent said they approved.

Americans’ rating of Obama on the economy is nearly identical to how they feel about how he’s handling his job overall, with 46 per cent approving and 52 per cent disapproving.


The AP-GfK Poll of 1,027 adults was conducted online from Oct. 15 to 19. The sample was drawn from GfK’s probability-based KnowledgePanel, which is designed to be representative of the U.S. population. The margin of sampling error for all respondents is plus or minus 3.3 percentage points.

Respondents were selected randomly using telephone or mail survey methods and interviewed online. People selected for KnowledgePanel without Internet access were provided it for free.



Poll results: