Tuesday, September 3, 2024
Plus: U.S. Economic Outlook, British Pessimism, Marijuana Use, Retirement Income
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 | The voice of the world in numbers | | | Sept. 3, 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. Labor Union Approval Matches 1960s Highs | | | | The Data: Ahead of yesterday's salute to labor in the U.S., 70% of Americans said they approve of labor unions, unwavering from their elevated levels of support in 2023 (67%) and 2022 (71%). The Trend: Americans' approval of unions has fluctuated over the decades. Approval was 72% in 1936, a year after labor unions gained legal recognition in the U.S. It peaked at 75% in the 1950s and sat at 60% or lower during most of the 1980s and 1990s. The lowest point occurred in 2009, at 48%, but approval has steadily risen since then. Historical Trends | 2. Americans' Economic Outlook Perks Up | | | | The Data: The percentage of Americans saying the economy is getting better improved to 31% in August, up from 24% in July. Full Story: While still more negative than positive, Americans' economic outlook is slightly better than it's been since March, when 33% thought the economy was improving. Meanwhile, their rating of current economic conditions hasn't changed, with barely a quarter rating them positively, and inflation is still among the issues cited as a top problem facing the U.S. Full Story | 3. Britons' Economic Pessimism on Par With Financial Crash Levels | | | | The Data: Britons are the gloomiest they have been about their economic futures since 2009, following the financial crash: 19% in May/June said their local economy is getting better, compared with 62% who said it is getting worse. Political Context: With the Labour Party's recent landslide victory, the challenges that led to its electoral success now fall on Prime Minister Keir Starmer to address. Gallup polling conducted just before the British election identified the top four challenges Britons were concerned about before Starmer took office. Read Article | 4. Fewer Americans Cool With Getting High | | | | The Data: Perceptions of marijuana's impact have worsened since 2022, with 54% of Americans now saying it negatively affects society and 51% believing it harms most users. Demographics: Views of marijuana's effects vary sharply by age and party, but solid majorities of older Americans and Republicans believe marijuana has a negative effect on most who use it, as well as on society. Adults who say they have never tried marijuana and those who attend religious services at least monthly also have mostly negative views on the drug. Independents and adults aged 35 to 54 are more divided in their views. New Data | 5. Nonretirees Not Counting on Social Security Income | | | | The Data: This year, 60% of retired Americans say Social Security is a major source of income in retirement, but only 35% of nonretirees anticipate it will be a major source for them. Retirement Expectations: In contrast to retirees' heavy reliance on Social Security, nonretirees tend to downplay how important Social Security will be as a source of retirement income, while they have high hopes for 401(k)s/IRAs and other retirement savings accounts. They are also more likely to say savings accounts or CDs, rent, inheritance, and part-time work will be major income sources for them in retirement than current retirees report is the case for them now. Read More | | | |
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