1 in 4 Americans have either lost their job or had pay cut from coronavirus shutdowns according to a survey.
One in 10 Americans said they have lost their job and 16% reported they have seen their wages or salary reduced due to the coronavirus shutdowns, according to the CNBC All-America Economic Survey.
At the same time, it found that a majority of Americans remains optimistic that the economy will bounce back in the next year, and President Donald Trump's approval rating has improved. The percentage of Americans saying the economy is now good or excellent fell to just 22%, giving up the gains of the Trump presidency, and falling further than it ever did after the Sept. 11, 2001, terrorist attacks or the Great Recession in 2008.
The decline in attitudes about the economy, however, came with a record surge in optimism: 51% said the economy will improve in the next year. Every demographic group registered large gains in optimism, Democrats and Republicans, old and young and rich and poor. Jay Campbell, a partner with Hart Research, the Democratic pollster for the survey, noted that a record 20% of Democrats approve of the job Trump is doing, up from 8% in December. "The hardest hit on the economy are rallying the most around the president in relative terms," Campbell said.
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