Contact: Jeremy Rosen
jrosen@pgpf.org
The March 2020 Fiscal Confidence Index, Modeled after the Consumer Confidence Index, is 47 (100 is Neutral)
NEW YORK (March 31, 2020) — As Americans focus attention on the unprecedented national health crisis and its economic impact, debt remains a concern, according to the Peter G. Peterson Foundation’s monthly Fiscal Confidence Index. The March Fiscal Confidence Index, modeled after the Consumer Confidence Index, is 47 (100 is neutral), indicating that Americans believe that our nation’s unsustainable fiscal outlook is a key challenge for our leaders to address.
“America is going through an unprecedented national emergency, and we need to respond aggressively to address both the public health crisis and the economic risk,” said Michael A. Peterson, CEO of the Peterson Foundation. “As we take necessary fiscal steps to help get the economy back on track and address the unique and severe health challenge, voters recognize that our growing national debt will need to be addressed over time. This will be important to reduce the significant long-term burden we are placing on the next generation, and improve America’s strength and preparedness for the future.”
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 this poll by the Global Strategy Group and North Star Opinion Research to survey public opinion on the national debt. The online poll included 1,015 registered voters nationwide, surveyed between March 23, 2020 and March 26, 2020. 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/FiscalConfidenceIndex.
The Peter G. Peterson Foundation is a nonprofit, nonpartisan organization that is dedicated to increasing public awareness of the nature and urgency of key 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.
CONCERN (46) | |||
---|---|---|---|
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? |
March 2020 | February 2020 | January 2020 |
Increased a lot | 45% | 42% | 39% |
Increased a little | 31% | 30% | 36% |
Decreased a little | 8% | 11% | 7% |
Decreased a lot | 4% | 3% | 4% |
(No change) | 9% | 11% | 8% |
(Don't Know/Refused) | 3% | 4% | 6% |
INCREASED (NET) | 75% | 72% | 75% |
DECREASED (NET) | 12% | 14% | 11% |
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? |
March 2020 | February 2020 | January 2020 |
Right direction-Strongly | 14% | 17% | 14% |
Right direction-Somewhat | 22% | 24% | 21% |
Wrong track-Somewhat | 27% | 23% | 24% |
Wrong track-Strongly | 33% | 32% | 34% |
(Neither/Mixed) | 1% | 1% | 1% |
(Don't Know/Refused) | 4% | 4% | 6% |
RIGHT DIRECTION (NET) | 36% | 41% | 35% |
WRONG TRACK (NET) | 60% | 54% | 58% |
PRIORITY (28) | |||
---|---|---|---|
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? |
March 2020 | February 2020 | January 2020 |
Strongly agree | 46% | 48% | 50% |
Somewhat agree | 28% | 29% | 28% |
Somewhat disagree | 15% | 12% | 12% |
Strongly disagree | 4% | 5% | 2% |
(Don't Know/Refused) | 7% | 6% | 7% |
AGREE (NET) | 73% | 77% | 78% |
DISAGREE (NET) | 20% | 17% | 15% |
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? |
March 2020 | February 2020 | January 2020 |
A lot more time | 43% | 52% | 52% |
A little more time | 36% | 33% | 33% |
A little less time | 8% | 5% | 4% |
A lot less time | 4% | 3% | 2% |
(The same amount of time) | 3% | 3% | 2% |
(Don't Know/Refused) | 6% | 5% | 7% |
MORE TIME (NET) | 79% | 84% | 85% |
LESS TIME (NET) | 12% | 8% | 6% |
EXPECTATIONS (66) | |||
---|---|---|---|
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)? |
March 2020 | February 2020 | January 2020 |
Much better | 8% | 10% | 11% |
Somewhat better | 19% | 23% | 22% |
Somewhat worse | 28% | 29% | 27% |
Much worse | 40% | 31% | 29% |
(No change) | 1% | 3% | 2% |
(Don't know/Refused) | 4% | 5% | 8% |
BETTER (NET) | 27% | 33% | 34% |
WORSE (NET) | 68% | 60% | 56% |
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? |
March 2020 | February 2020 | January 2020 |
Very optimistic | 7% | 9% | 9% |
Somewhat optimistic | 36% | 36% | 35% |
Somewhat pessimistic | 32% | 33% | 31% |
Very pessimistic | 19% | 16% | 17% |
(Neither/Mixed) | 2% | 2% | 3% |
(Don't Know/Refused) | 4% | 4% | 5% |
OPTIMISTIC (NET) | 43% | 44% | 44% |
PESSIMISTIC (NET) | 51% | 49% | 48% |