Will optimism prevail in the US economy as political tides shift?

The economic outlook for many Americans remains negative as 2024 ends, with a significant portion of the population expressing dissatisfaction. A recent AP-NORC poll shows about 70% of adults view the economy poorly, driven mostly by Democrats, where only half rate it positively. Although the unemployment rate stands at 4.2% and the stock market has improved, economic insecurity prevails. One-third of Americans worry about affording groceries, and around 30% are concerned about holiday expenses. Households earning less than $50,000 report heightened anxiety regarding these costs. In contrast, approximately 70% of Republicans expect economic improvement under Trump’s potential leadership in 2025. Looking forward, Trump suggests tariffs on countries like Canada and China and plans to revisit parts of the 2017 tax cuts, but specifics remain unclear.

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