Survey Reveals Key Insights About Voters’ Perception of and Experience with Current Economy

WASHINGTON, D.C. — A national survey conducted by Scott Rasmussen from June 7-8 reveals key insights from voters about their perceptions of the economy, how they have been impacted by inflation, and their financial literacy levels.

Highlights from the survey are as follows:

On the topic of the economy:

  • 65 percent answered that inflation has outpaced their income
  • Only 7 percent rated the state of the economy as “excellent,” while 50 percent rated it as “poor”
  • Only 14 percent responded that they are “very confident” that they will have enough money to last throughout their retirement years

On the topics of financial literacy and cryptocurrency:

  • 67 percent agreed that is is very important for schools to teach financial literacy
  • 66 percent have never personally invested in cryptocurrency
  • 59 percent lack family members who have invested in cryptocurrency

Clara Del Villar, FreedomWorks Foundation’s Director of Senior Initiatives, commented:

“Our economy is in a precarious position, and voters have taken note. Every day they are feeling the sting of record high inflation, whether at the grocery store or at the gas station. Americans should not have to worry excessively about how they will get to work or put food on the table, especially if they have been prudent with their money and are feeling a squeeze now only because of the government’s faulty policies, including endless spending sprees.”

“The excessive market plunge in response to alarming inflation data has devastated nest eggs and is simply going to ratchet up household stress. Every sector has seen major double digit downward moves–stocks, bonds, and cryptocurrency. This should sound an alarm when it comes to the critical importance of financial literacy and helping people young and old understand the basics.”

“Furthermore, in a world that is becoming increasingly digitized, we should be taking every opportunity to educate our young people about digital currency such as crypto, in addition to providing them with traditional financial wisdom.
The better informed our nation’s young people are about the wide array of financial options available to them, the better equipped they will be to make smart personal choices about their earnings, savings, and, ultimately, their future. Financial literacy is even more crucial in a time of extreme market volatility and economic uncertainty, which we unfortunately find ourselves living through right now.”

(Methodology: This Counterpolling™ survey of 1,165 Registered Voters was conducted online by Scott Rasmussen on June 7-8, 2022. Field work for the survey was conducted by RMG Research, Inc. Certain quotas were applied, and the sample was lightly weighted by geography, gender, age, race, education, internet usage, and political party to reasonably reflect the nation’s population of Registered Voters. Other variables were reviewed to ensure that the final sample is representative of that population.

The margin of sampling error for the full sample is +/- 2.9 percentage points.)