Plus: U.S. Housing Market, South Africa's Election, Investing by Income, Safety in Ecuador
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 | The voice of the world in numbers | | | May 28, 2024 | | | 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. American Class Consciousness | | | | The Data: More than seven in 10 Americans identify as middle or working class. Breakout: The largest share of Americans, 39%, identify as “middle class,” and 31% see themselves as “working class.” Fifteen percent describe themselves as “upper-middle class,” while 12% say they are “lower class" and only 2% say “upper class.” New Data | 2. Homebuying Hesitation | | | | The Data: Twenty-one percent of Americans say it is a good time to buy a house — at the same time, a majority (68%) believe home prices will increase. Housing Market: Public skepticism about the homebuying market likely reflects soaring home values, elevated mortgage rates and a scarce housing supply. A similarly negative forecast for future housing prices prevails among residents of cities (69%), suburbs (70%) and rural areas (63%), transcending differences in income and political affiliation. Full Story | 3. Meager South African Leadership Approval | | | | The Data: Sixty-seven percent of South Africans approved of their country's leadership when Gallup first posed this question in 2007. This has since plummeted, stabilizing near 30% in 2022 and 2023. Election Day: South Africans head to the polls on Wednesday to decide whether the political party that has led their country since the end of apartheid will lead it into the future. New Data | 4. Income Influences Investment Preferences | | | | Consensus on Real Estate: Real estate ranks first among Americans of all income brackets as the best long-term investment option. Diverging Views on Stocks and Savings: When it comes to stocks and savings accounts, Americans' investment preferences differ based on their income level. While 31% of upper-income Americans prefer stocks, fewer than half of lower-income adults agree (14%). Conversely, 23% of lower-income individuals prefer investing in gold, and 20% favor savings accounts, compared with 7% of upper-income individuals who see savings accounts as the best investment. New Data | 5. Ecuador's Safety Crisis | | | | The Data: A record-high 72% of Ecuadorians in 2023 said they did not feel safe walking alone at night. This fear has risen along with Ecuador's homicide rate. The Context of Crime: In 2023, Ecuador's overall homicide rate soared to nearly 50 per 100,000 residents, ranking it among the highest globally. Full Story | | |
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