White Americans are starting to feel good about their chances of financial success in the new year, according to a new survey.
The percentage of whites who “expect their family finances to improve in the next year” doubled in a year, from 16 percent to 38 percent in a new Marist poll. But among blacks, there has been an increase from 11 percent to 19 percent of those who believe they will be worse off.
President-elect Trump has pledged to help the middle class and those seeking jobs in the coming year. Since his election, Wall Street has seen major advances. Trump did well with whites in his election.
Still the poll is a mixed bag of economic news headlined by the finding that more than a third of Americans are having trouble making ends meet.
Said Marist: “A notable 34 percent of U.S. residents report they just meet their basic expenses, 24 percent, or do not have enough money to meet their basic needs, 10 percent.”
Again, race comes into play. “47 percent of African Americans and 42 percent of Latino residents either just have enough money to pay for their expenses or do not have the funds to cover them. This compares with 29 percent of white Americans who experience the same plight,” found the survey.
Paul Bedard, the Washington Examiner’s “Washington Secrets” columnist, can be contacted at [email protected]
