Contact: Sarah Stipicevic, Press Secretary
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The May 2014 Fiscal Confidence Index, Modeled after the Consumer Confidence Index, is 44 (100 is Neutral)
Eight in Ten Voters (81%) Say that the President and Congress Should Spend More Time Addressing National Debt — Spans Ideological Backgrounds
NEW YORK — The Peter G. Peterson Foundation’s May Fiscal Confidence Index, a monthly measure of public attitudes about the nation’s long-term debt and the efforts elected leaders are making to address America’s fiscal challenges, shows that Americans remain highly concerned about the country’s fiscal situation. The Fiscal Confidence Index, modeled after the Consumer Confidence Index, is 44 (100 is neutral), indicating voters ongoing concern about addressing our long-term fiscal outlook.
Fully eight in ten voters (81%) say that the President and Congress should spend more time addressing the issue, including six in ten (62%) who believe they should be spending a lot more time on it. These attitudes are shared by voters across the political spectrum, with clear majorities of Democrats (71% more time), Independents (81% more time), and Republicans (93% more time) believing the issue warrants greater focus from the nation’s leaders.
"It’s clear that voters recognize that our nation’s long-term fiscal challenges remain, and want Washington to deal with it," said Michael A. Peterson, President and COO of the Peter G. Peterson Foundation. "Americans understand that an improved fiscal outlook is central to building economic growth and shared prosperity, now and in the future."
Last week, the Peter G. Peterson Foundation held their 5th annual Fiscal Summit: Our Economic Future, convening leading experts and policymakers to explore the connection between a solid fiscal foundation and economic prosperity. Speakers, including President Bill Clinton and Governor Chris Christie, discussed the fiscal policy choices that impact our nation's ability to compete, innovate and lead in the future. More information about the 2014 Summit, including complete video clips from every speaker, is available at: www.fiscalsummit.org.
The Fiscal Confidence Index measures public opinion about the national debt by asking six questions in three key areas:
The survey results from these three areas are weighted equally and averaged to produce the Fiscal Confidence Index value. The Fiscal Confidence Index, like the Consumer Confidence Index, is indexed on a scale of 0 to 200, with a neutral midpoint of 100. A reading above 100 indicates positive sentiment. A reading below 100 indicates negative sentiment.
Fiscal Confidence Index Key Data Points:
The Peter G. Peterson Foundation commissioned a poll by the Global Strategy Group and North Star Opinion Research to survey public opinion on the national debt. The nationwide poll included 1,005 U.S. registered voters, surveyed by telephone between May 19 and May 22, 2014. The poll has a margin of error of +/- 3.1%. The poll examined voters’ opinions on the national debt, political leadership, and America’s fiscal and economic health.
Detailed poll results can be found online at: www.pgpf.org/what-we-are-doing/education-and-awareness/fiscal-confidence-index
About the Peter G. Peterson Foundation
The Peter G. Peterson Foundation is a nonprofit, nonpartisan organization that is dedicated to increasing public awareness of the nature and urgency of key long-term fiscal challenges threatening America's future, and to accelerating action on them. To address these challenges successfully, we work to bring Americans together to find and implement sensible, long-term solutions that transcend age, party lines and ideological divides in order to achieve real results. To learn more, please visit www.pgpf.org.
APPENDIX: Fiscal Confidence Index Methodology and Questions
CONCERN (37) | ||||
---|---|---|---|---|
Thinking about our national debt over the last few years, would you say your level of concern has increased or decreased? ◊ Is that a lot or just a little? |
May 2014 | Apr 2014 | Mar 2014 | |
Increased a lot | 51% | 52% | 48% | |
Increased a little | 19% | 19% | 19% | |
Decreased a little | 8% | 10% | 9% | |
Decreased a lot | 6% | 5% | 6% | |
(No change) | 15% | 13% | 16% | |
(Don't Know/Refused) | 1% | 1% | 2% | |
INCREASED (NET) | 70% | 71% | 67% | |
DECREASED (NET) | 15% | 15% | 15% | |
When it comes to addressing our national debt, would you say things in the United States are heading in the right direction or do you think things are off on the wrong track? ◊ Do you feel that way strongly or just somewhat? |
May 2014 | Apr 2014 | Mar 2014 | |
Right direction-Strongly | 8% | 9% | 10% | |
Right direction-Somewhat | 15% | 16% | 19% | |
Wrong track-Somewhat | 19% | 19% | 16% | |
Wrong track-Strongly | 45% | 46% | 43% | |
(Neither/Mixed) | 9% | 6% | 6% | |
(Don't Know/Refused) | 4% | 4% | 5% | |
RIGHT DIRECTION (NET) | 24% | 26% | 29% | |
WRONG TRACK (NET) | 64% | 65% | 59% |
PRIORITY (25) | ||||
---|---|---|---|---|
Some people say that addressing the national debt should be among the President and Congress' top 3 priorities. Do you agree or disagree? ◊ Do you feel that way strongly or just somewhat? |
May 2014 | Apr 2014 | Mar 2014 | |
Strongly agree | 58% | 62% | 55% | |
Somewhat agree | 21% | 22% | 24% | |
Somewhat disagree | 10% | 8% | 10% | |
Strongly disagree | 8% | 6% | 7% | |
(Don't Know/Refused) | 4% | 3% | 4% | |
AGREE (NET) | 79% | 84% | 79% | |
DISAGREE (NET) | 17% | 13% | 17% | |
And when it comes to our national debt, do you think it is an issue that the President and Congress should spend more time addressing or less time addressing? ◊ Would you say a lot (more or less) time or just a little? |
May 2014 | Apr 2014 | Mar 2014 | |
A lot more time | 62% | 63% | 58% | |
A little more time | 19% | 20% | 22% | |
A little less time | 7% | 6% | 6% | |
A lot less time | 4% | 4% | 5% | |
(The same amount of time) | 5% | 5% | 4% | |
(Don't Know/Refused) | 3% | 2% | 4% | |
MORE TIME (NET) | 81% | 83% | 80% | |
LESS TIME (NET) | 11% | 10% | 11% |
EXPECTATIONS (70) | ||||
---|---|---|---|---|
And thinking about our national debt over the next few years, do you expect the problem to get better or worse? ◊ Is that much (better or worse) or just somewhat (better or worse)? |
May 2014 | Apr 2014 | Mar 2014 | |
Much better | 7% | 8% | 10% | |
Somewhat better | 18% | 17% | 19% | |
Somewhat worse | 26% | 27% | 23% | |
Much worse | 38% | 38% | 38% | |
(No change) | 6% | 5% | 6% | |
(Don't know/Refused) | 5% | 4% | 5% | |
BETTER (NET) | 25% | 26% | 28% | |
WORSE (NET) | 64% | 65% | 61% | |
And when it comes to our national debt, are you optimistic or pessimistic that the United States will be able to make progress on our national debt over the next few years? ◊ Would you say you are very (optimistic or pessimistic) or just somewhat? |
May 2014 | Apr 2014 | Mar 2014 | |
Very optimistic | 18% | 17% | 16% | |
Somewhat optimistic | 29% | 29% | 31% | |
Somewhat pessimistic | 17% | 19% | 15% | |
Very pessimistic | 30% | 30% | 30% | |
(Neither/Mixed) | 4% | 3% | 4% | |
(Don't Know/Refused) | 3% | 2% | 4% | |
OPTIMISTIC (NET) | 47% | 46% | 47% | |
PESSIMISTIC (NET) | 46% | 49% | 45% |