How the midterms swing each party's economic feelings
Election Day is excluded; Data: Morning Consult; Chart: Emily Peck/Axios There was an unusually sharp partisan mood shift in the wake of the midterms, according to sentiment data from Morning Consult that was shared exclusively with Axios.
Key points
- The latest numbers show just how tightly Americans' views on the economy are now intertwined with politics.
- How it works: Morning Consult's index considers survey responses from approximately 5,000 U.S.
- Zoom in: The biggest shifts in sentiment were in respondents' feelings about the future.
Between the lines: Consumer sentiment was once a telling measure of how people would actually spend their money: Good vibes meant more spending.
Note: Figures compare average daily sentiment readings over the seven days before each election with the five days after.
Additional details
- Democrats, meanwhile, had a jump of 9 percentage points in confidence about business conditions (although they remain negative about it) and an even bigger increase — 12 percentage points — in optimism that their own finances would improve over the next year.
- The opposing partisan shifts appear to have canceled each other out.
- By the numbers: Democratic consumer sentiment rose 6.5 points in the five days after the election compared with the week before, while Republicans' mood fell 6.4 points.
- Why it matters: While big partisan swings in consumer sentiment are typical after a presidential election, they have been much smaller in midterm races.
- They're asked five questions, including on people's personal finances and financial outlook, as well as their views on overall business conditions.
How this summary was made: extractive summary — built from the sources' own reporting. It is drawn only from the reporting of the sources listed below — read the originals for full detail. How we summarize →
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