Twelve Charts That Show a Massive Divide in How Americans See the Economy
August 15, 2016 1:06 PM EDT
In the midst of a heated presidential election campaign, it's clear that America is a nation divided on both personal pocketbook issues and those relating to the national economy.
Democrats more confident about the economy, personal finances, and buying conditions
Some of these differences play out along partisan lines. For instance, Democratic consumer sentiment increased markedly relative to Republican consumer sentiment upon recapturing the White House in 2009, with the gap between the two rising to its highest level on record.
Source: Bloomberg
Whites more confident than Blacks or Hispanics
Other dividing lines form among demographics, including race, age, education, income, and geography. The Bloomberg Consumer Comfort Index, which asks respondents about the state of the U.S. economy, their personal finances, and buying conditions, shows confidence is higher among whites than non-whites.
Source: Bloomberg
College-educated Americans much more in favor of government economic policy
While both college-educated and those with a high school education or less have a negative view on the government's economic policy, a yawning gap has opened up, with the better-educated cohort relatively much more positive, according to the University of Michigan's monthly survey.
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http://www.bloomberg.com/news/articles/2016-08-15/twelve-charts-that-show-a-massive-divide-in-how-americans-see-the-economy