Americans’ predictions for the stock market this year are almost completely determined by party, with #Democrats as pessimistic about the coming year’s stock performance as Republicans are optimistic, according to an Axios/SurveyMonkey poll.
Between the lines: The two parties are almost exact mirror images of each other, with independents caught in the middle. It’s a good reminder of how much people’s political views can shape their expectations for their personal finances, not just politics.
By the numbers:
- The differences were even more stark on whether it’s a good time or a bad time to invest in the markets: 70% of Republicans said it’s a good time, while 63% of Democrats said it’s a bad time.
- Independents were closely divided: 50% said it’s a bad time to invest, 45% said it’s a good time.
- There’s less of a divide between people who have already invested in the stock market and those who haven’t. 36% of investors say the stock market will end up higher at the end of the year, compared to 28% of non-investors. Roughly a third of both groups believe it will end up lower.