Americans feel confident that they can pay their monthly bills, even if they express doubt about their ability to plan and save for their financial futures.
That’s according to new results from an Allstate/National Journal Heartland Monitor Poll, which recently gauged American’s attitudes toward their personal finances five years after the global financial recession.
Ninety percent of those surveyed said they felt fine about covering day-to-day costs, an increase of 8 percent since April 2013. But Americans’ confidence level decreased when it came to their ability to pay medical bills for themselves and their family (just 71 percent said that this seemed “realistic”). Sixty-eight percent had faith in their ability to make mortgage payments, or pay off their debts, while just 58 percent felt like they were investing their money for their future.
The ability to make financial plans splits starkly among those with college degrees and those without them. Four in 10 Americans, without college educations, said they rarely had enough money left over each month after paying their bills. Only 19 percent of college grads found themselves in such a paycheck-to-paycheck existence.
To increase their ability to save money in the long run, the majority of Americans said that it was worth making sacrifices in their daily spending habits. They would make this trade-off, respondents said, even if it meant a lower quality of life.
Few Americans believed that any financial windfall would arrive in the form of an inheritance. Seventy-four percent of Americans never received this type of money from family members; 68 percent did not expect to, either.
Overall, the majority of Americans (53 percent) still believe the U.S. remains in the throes of a recession, a few years after the downturn technically ended. It’s a commentary on the fragile financial state that many Americans still feel like they find themselves in, especially when it comes to saving for retirement, college, or a rainy day fund.
What We're Following See More »
The Las Vegas Review-Journal, owned by casino magnate and GOP donor Sheldon Adelson, became the first major city newspaper to endorse Donald Trump over the weekend.“Mr. Trump represents neither the danger his critics claim nor the magic elixir many of his supporters crave,” the editorial read, acknowledging concerns about Trump’s temperament. “But neither candidate will ever be called to the dais to accept an award for moral probity and character,” the paper said. “And we are already distressingly familiar with the Clinton way, which involves turning public service into an orgy of influence peddling and entitlement designed to line their own pockets — precisely what a disgruntled electorate now rises up to protest.”
Hillary Clinton leads Donald Trump by 12 percentage points among likely voters, 50 to 38 percent, in a new ABC News tracking poll, "her highest support and his lowest to date in ABC News and ABC News/Washington Post polls. Gary Johnson has 5 percent support, Jill Stein 2 percent. Clinton led by only four points in the last ABC/Post poll on Oct. 13.
President Obama "will make a late splash into races for state senate and assembly over the next week, endorsing roughly 150 candidates across 20 states. He’ll also back a candidate for the North Carolina Supreme Court. The endorsements — which will come along with a variety of robocalls, social media posts, mailers, photos of Obama with the candidates taken as he’s been traveling to campaign in recent weeks, and even a few radio ads — are Obama’s biggest investment in state races ever by far."
If you need a marker for how confident Hillary Clinton is at this point of the race, here's one: CNN's Jeff Zeleny reports "she's been talking to Republican senators, old allies and new, saying that she is willing to work with them and govern."
"According to a new POLITICO/Morning Consult poll, the first national post-debate survey, 43 percent of registered voters said the Democratic candidate won, compared with 26 percent who opted for the Republican Party’s standard bearer. Her 6-point lead over Trump among likely voters is unchanged from our previous survey: Clinton still leads Trump 42 percent to 36 percent in the race for the White House, with Libertarian nominee Gary Johnson taking 9 percent of the vote."