The post The Economy, Summer Plans, and The Polls appeared on BitcoinEthereumNews.com.

Around Memorial Day, pollsters often ask Americans about their summer vacation plans. Responses are a rough barometer of feelings about the economy’s health and our own prospects. What have we learned from recent polls? Will most Americans take a summer vacation? Last week the University of Michigan released its latest Consumer Sentiment Index, reporting that sentiment was “unchanged” from April, ending four consecutive months of “plunging declines.” Michigan attributed the change to the pause at the time of the survey in Donald Trump’s on-again, off-again tariff pronouncements. Gallup reported that overall assessments of the economy were “unchanged” from early 2025 readings. In the May Harvard Center for American Political Studies/Harris poll, 51% of registered voters described the economy as strong for the first time since July 2021, while almost as many, 49%, described it as weak. Most people in another question said their personal financial situation was weak (39%), but that represented an improvement from Harvard/Harris polls during the winter. Thirty-four percent said their situation was improving and 27% thought it was staying the same. In late May, CBS News/YouGov reported that Americans’ views about the economy were a bit “brighter” than they were this winter, but still more negative (54%) than positive (39%). In their February and March polls, a third were positive. CBS added more detail to the overall assessments. Fifty-eight percent of respondents said the prices they were paying for goods and services have gone up in the past few weeks, 30% believed it had stayed the same, and 11% reported it had gone down. Only 24% thought their income was keeping up with inflation. Gas prices are among the most sensitive political indicators, and a bare plurality in the poll said they are staying the same in their area (37%), while 30% thought they were going…

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Filed under: News - @ June 4, 2025 7:21 pm