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Economic Conditions

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    Public optimism on housing can outrun the market

    Tuesday’s report on the S&P/Case-Shiller home-price index showed a 9.3% increase between February 2012 and February 2013 — the biggest year-over-year increase in the 20-city composite index since before the housing bubble burst. Is housing, at long last, on the road to recovery? Many Americans already think so. A Pew Research survey in March found that 52% of people […]

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    Political Blame for Flight Delays Spread Evenly

    Overview As Washington sprang into action late last week to end the furlough of federal air-traffic controllers and delays at airports across the country, the public blamed both sides for the situation. Nearly equal percentages say congressional Republicans (34%) and the Obama administration (32%) are more to blame for the Federal Aviation Administration (FAA) budget […]

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    A Rise in Wealth for the Wealthy; Declines for the Lower 93%

    During the first two years of the nation’s economic recovery, the mean net worth of households in the upper 7% of the wealth distribution rose by an estimated 28%, while the mean net worth of households in the lower 93% dropped by 4%, according to a Pew Research Center analysis of newly released Census Bureau […]

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    Obama Job Approval Slips as Economic Pessimism Rises

    Overview Barack Obama’s job approval rating has tumbled since shortly after his re-election, as the public’s economic expectations for the coming year have soured. Despite substantial public awareness of recent gains in the stock market and rebounding real-estate values, the percentage saying economic conditions will get worse over the next year has risen to its […]

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    Views of Economic News Remain Mixed

    Overview As federal spending cuts take effect and the stock market has reached record highs, the public continues to say they are hearing a mix of good and bad news about the economy. Overall, 58% say they have been hearing mixed economic news; a third (33%) have been hearing mostly bad news about the economy, […]

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    Most Say Spending Cuts Would Have Major Impact on Economy, Military

    Overview While many Americans may be resigned to seeing automatic spending cuts in the budget sequester go into effect, the public is concerned about the potential impact of the reductions. A new national survey by the Pew Research Center and The Washington Post, conducted Feb. 21-24 among 1,000 adults, finds that most say the budget […]

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    As Sequester Deadline Looms, Little Support for Cutting Most Programs

    Overview As the March 1 deadline for a possible budget sequester approaches, a new national survey finds limited public support for reducing spending for a range of specific programs, including defense, entitlements, education and health care. For 18 of 19 programs tested, majorities want either to increase spending or maintain it at current levels. The […]

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    Young Adults After the Recession: Fewer Homes, Fewer Cars, Less Debt

    After running up record debt-to-income ratios during the bubble economy of the 2000s, young adults shed substantially more debt than older adults did during the Great Recession and its immediate aftermath—mainly by virtue of owning fewer houses and cars, according to a new Pew Research Center analysis of Federal Reserve Board and other government data. […]

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    If No Deal is Struck, Four-in-Ten Say Let the Sequester Happen

    Overview After a series of fiscal crises over the past few years, the public is not expressing a particular sense of urgency over the pending March 1 sequester deadline. With little more than a week to go, barely a quarter have heard a lot about the scheduled cuts, while about as many have heard nothing […]