ERTC Experts

Americans Remain Optimistic Despite Economic Woes

A new Gallup poll released Wednesday found that half of Americans have reported their financial situation is worse than it was a year ago, the highest amount since the Great Recession of 2008 and 2009.[0] Despite this, Americans remain optimistic about the coming year, with 60% expecting to be better off financially and 28% expecting to be worse off.[1]

Inflation has been a major concern for North Carolinians, according to a High Point University poll, with more than half of respondents saying it is worse than expected. They also reported higher prices for eggs (74%), meat (63%) and gas (59%) compared to last year.[2]

In the Gallup poll, Republicans have been more pessimistic than Democrats, with 90% of Republicans describing the economy as “poor” compared to 59% of Democrats.[3] A record 48% of Americans predict the stock market will decline in the first half of 2023, while 18% expect it to remain the same and 31% say it will go up.[4]

The public’s outlook for economic growth and the stock market is the most pessimistic in Gallup’s periodic trend, and while they are optimistic about their personal financial situation, 87% of North Carolinians said they have changed their spending due to inflation concerns.[5] Most (64%) also said they had not canceled any health care appointments because of cost, and 56% said they had not delayed health care services out of fear of high prices.[2]

0. “Half Of Americans Say Finances ‘Worse,’ Poll Finds” Forbes, 8 Feb. 2023,

1. “Americans are feeling the worst about their money since the Great Recession” Fortune, 8 Feb. 2023,

2. “HPU Poll: Majority in North Carolina Say Inflation Has Been Worse Than Expected” High Point University, 27 Jan. 2023,

3. “Americans Pessimistic About Inflation, Stock Market” Gallup Poll, 6 Feb. 2023,

4. “A Record Share of Americans Say the Stock Market Is Primed to Fall: Gallup” Yahoo Money, 6 Feb. 2023,

5. “Poll: Inflation worse than expected in North Carolina” Washington Examiner, 31 Jan. 2023,