Recent ups and downs -- mostly downs – in the U.S. stock markets have clearly rattled the confidence of many Idahoans, a new Idaho Politics Weekly poll finds.
Pollster Dan Jones & Associates asked Idahoans if the market fluctuations have them concerned over the strength of the U.S. economy.
Seventy-nine percent said they are “very” or “somewhat” concerned about our economy because of the stock market ups and downs; only 20 percent said they are not concerned, and 1 percent didn’t have an opinion.
While the New York Stock Exchange had a good October, over the summer the Dow Jones average dropped more than 2,000 points.
Other American stock indexes also saw significant drops, as China took efforts to prop up its currency and markets across the world suffered.
Like other Americans, many Idahoans hold stocks, mainly in their 401k retirement and other pension accounts.
Idaho Republicans are most pessimistic about the U.S. economy – which is understandable since the nation’s economic confidence is often tied to the current presidential administration.
- 87 percent of Republicans are very or somewhat concerned about the strength of the U.S. economy.
- 68 percent of Democrats feel the same way.
- While 76 percent of political independents are worried about the U.S. economy.
Jones polled 586 adult Idahoans between Sept. 22-30 (before the October stock rally). The poll has a margin of error of plus or minus 4.05 percent.