Republicans are feeling great about the economy again. Democrats are really worried [View all]

Republicans, after years of doom and gloom, are feeling great about the economy again. Consumer sentiment among Republicans spiked in December to the highest level since November 2020, according to the University of Michigan.
The polar opposite story is playing out among Democrats. After years of mostly good vibes about the economy, consumer sentiment among Democrats tumbled in December to the lowest level since the summer of 2022, when gas prices were near $5 a gallon.

“It’s really striking to see how people perceive the world so differently,” said Oliver Allen, senior US economist at Pantheon Macroeconomics.

The post-election shift in the economic perceptions of Republicans and Democrats is not shocking. A similar story has played out following previous changes in power in the White House, including after the 2016 and 2020 elections.

Still, the magnitude of the shift is startling, and researchers say it reflects the county’s political polarization.

https://amp.cnn.com/cnn/2024/12/09/business/republicans-economy-democrats-trump-election