60% of Surveyed Americans See the Elections as the Biggest Risk to the Economy

Donald Trump and Hillary Clinton rank as the most pressing danger to the U.S. economy, most Americans say, regardless of their age, income, ethnicity, political affiliation or gender.

More than 60 percent of Americans said the upcoming presidential election was the biggest threat to the economy over the next six months, according to a report by Bankrate.com. Terrorism ranked a very distant second followed by economic volatility abroad, a decline in the U.S. stock market and rising interest rates.

Republicans were only slightly more likely than Democrats or Independents to say the election outcome was the biggest economic risk in the immediate future, Bankrate said of the survey of over 1,000 adults conducted earlier this month.

Following a 27-month streak in which Americans reported improved feelings of financial security, “the election is wearing on Americans’ feelings of confidence,” according to Bankrate’s Chief Financial Analyst Greg McBride.

“People don’t have a whole lot of extra money to throw around and when you layer on the uncertainty of who is going to win the election, it is starting to take a toll on how consumers feel about where the economy might be headed.”

via CNBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza