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American confidence in economy at 4-year low, poll finds
Posted
May 23, 2026
Views
2,834
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35
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4.16%
May 23, 2026
2,834
35
83
4.16%
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7:22Now PlayingAmerican economic confidence has plummeted to its lowest level in nearly four years, driven by a combination of resurgent inflation, soaring gas prices and growing political pessimism in both parties.
The new Gallup poll, conducted May 1–17, found more than three-quarters of U.S. adults (76%) say economic conditions are actively getting worse.
Only 16% of Americans rate current economic conditions as "excellent" or "good," the lowest mark since April 2023. Meanwhile, 49% now rate conditions as "poor," a steady climb from 37% at the start of 2026. Another 34% view the economy as "only fair."
Just 20% of Americans believe economic conditions are improving. The share of pessimistic outlooks matches a previous high from May 2023.
"The public mood heading into summer 2026 is markedly darker than it was at the start of the year," Gallup says, with economic confidence declining among both parties.
Low economic confidence has also sent Trump’s own poll numbers plummeting, which could spell trouble for Republicans as they try to defend their House and Senate majorities in November.
LiveNOW's Austin Westfall brings economist Dr. Mike Walden into the conversation to discuss the new poll findings, as well as Kevin Warsh being sworn in Friday as the new Fed Chair.
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