Only 20 percent of Americans think the U.S. economy is not in a recession.
More than half of Americans think the U.S. has already entered a recession, new polling shows. The latest IBD/TIPP Economic Optimism Index published on Friday found that 53 percent of Americans think the economy has gone into a recession, and 25 percent say they’re unsure. Only 20 percent believe the country is not in a recession. Even amid uncertainty, concerns have dramatically risen over the last month. Back in May, less than half of Americans—48 percent—said the economy was in a downturn while 23 percent said the U.S. was not in a recession. Recession fears have surged in recent weeks, with inflation reaching a 40-year high last week and the Dow Jones Average falling below 30,000 for the first time in a year and a half on Thursday. This week, the U.S. entered a bear market for the first time since 2020, marking the first bear market of President Joe Biden’s presidency.
