Money Worries

Tuesday, May 16, 2023

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Welcome to Front Page, where we break down Gallup's latest insights on our constantly evolving world. Here are the five insights you shouldn't miss this week:

1. Money Worries

Bar Chart: Worry about the safety of money in banks, by party affiliation, in 2008 and 2023.

Half of U.S. adults express some level of worry about the safety of their hard-earned cash in banks and other financial institutions. The latest reading puts America on par with where it stood on the issue back in 2008. This follows last year's dip in Americans' confidence in banks to 27%, a figure we'll be updating soon.
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2. Taking Stock of America's Central Bankers

Line Chart: 36% of Americans are confident in Jerome Powell as the Federal Reserve chair in 2023.

When it comes to the person leading the charge at the Federal Reserve, Chair Jerome Powell gets his lowest marks yet after suffering a sharp decline in his confidence rating since 2020. Powell's rating is also the lowest reading Gallup has had for any prior Fed chair.
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3. Debt Ceiling With a Crack … in Confidence

Bar Chart: Rating Americans' confidence levels in U.S. economic leaders.

Americans don't have a lot of confidence in those negotiating on the debt ceiling, either. As the various leaders with influence over that decision in Congress carry out their work, most Americans lack confidence in them to do the right thing for the U.S. economy.
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4. Quitting My Country: Regional Edition

Range Plot: Change in percentage points in the desire to migrate by global region, 2011-2022.

One of the riskiest undertakings commonly attempted in our time is to permanently leave one's country of origin to make a home in another. We've been tracking global desire to migrate since 2011. Gallup's latest update shows that desire to migrate rose to decade-high levels in more than one region last year.

5. Clean Water in America

Line Chart: Worry about drinking water pollution in the U.S. by racial group, 2001-2023.

In one of the wealthiest nations on the planet, three in four Black adults say they worry a "great deal" about pollution in their drinking water. From Flint, Michigan, to Jackson, Mississippi, predominantly Black communities have been at the forefront of the nation's reckoning on clean water. We find that worry among Black Americans is 20 percentage points higher than the national average.
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And that's Front Page!

Mohamed Younis
Editor-in-Chief
Gallup

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