What a difference an election makes…?
In a (relative) blink of an eye, those who identify as Republican feel pretty darn good about their financial circumstances these days…simply by virtue of being Republican, apparently.
The Washington Times is reporting on the results of a recent Gallup Poll that reveals the election of Donald Trump has prompted a significant change – in opposite directions - in the way Republicans and Democrats, respectively, feel about their personal money situations.
According to the survey of 3,400 respondents, 77 percent of Republicans said they are “feeling better about their finances these days.” Only 43 percent of Democrats indicated the same sentiment.
Additionally, 71 percent of Republicans say they are in a position to make a major purchase, while only 54 percent of Democrats agree.
“Republicans have become significantly more positive about their financial situation, while Democrats have grown more negative about theirs,” says Frank Newport, Gallup Poll director.
“The shift in Republicans’ and Democrats’ feelings about their money has occurred for the most part since Donald Trump won the presidential election in November,” continues Newport. “Republicans’ financial optimism grew as Democrats’ fell. But it was not until February, Trump’s first full month in office, that Republicans’ optimism significantly outpaced Democrats. The current pattern looks like a near-reversal of what it was during most of Barack Obama’s last year in office, when a majority of Democrats vs. less than half of Republicans felt good about the money they had to spend.”
By Robert G. Yetman, Jr. Editor At Large