How the midterms swing each party's economic feelings
Summary
Morning Consult data showed a sharp partisan divide in U.S. consumer sentiment after the midterm election. Democratic sentiment rose while Republican sentiment fell, leaving overall sentiment nearly unchanged; the article notes that these readings may reflect political views more than actual spending behavior.Key Facts
- The data compared average daily sentiment during the seven days before the election with the five days after it, excluding Election Day.
- Democratic consumer sentiment rose 6.5 points after the election, while Republican sentiment fell 6.4 points.
- Morning Consult’s index is based on responses from about 5,000 U.S. adults to five questions about personal finances and business conditions.
- Republican confidence in business conditions over the next five years fell 12 percentage points, and Republican outlook declined across all five measures.
- Democratic confidence in business conditions rose 9 percentage points, though it remained negative.
- Democratic optimism that personal finances would improve over the next year rose 12 percentage points.
- Both Democrats and Republicans were more negative about their personal finances than they had been a year earlier.
- Overall sentiment, including independents, rose by less than one point.
Read the Full Article
This is a fact-based summary from The Actual News. Click below to read the complete story directly from the original source.
