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NEW POLL: OVERWHELMING MAJORITY SAY NATIONAL DEBT HAS DIRECT IMPACT ON PERSONAL FINANCES

NEW POLL: OVERWHELMING MAJORITY SAY NATIONAL DEBT HAS DIRECT IMPACT ON PERSONAL FINANCES

Americans Split On Which Presidential Candidate Would Better Manage Their Family Budget

Arlington, Va.Public Notice today released the results of a national survey of likely voters on the issues ofdebt and spending, as well as which presidential candidate is more trusted to manage a family budget. The survey was conducted by the Tarrance Group via telephone from October 15-18, 2012, among 1,000 likely voters with a margin of error of +/- 3.1 percent.

On the question of whether the national debt has impacted personal or family financial situations, an overwhelming majority (88%) said it did, with a significant majority of seniors (61%), Independents (58%) and middle class families (58%) saying it had a “major impact.”  The survey also found Americans were split between Mitt Romney (47%) and Barack Obama (46%) on who they trusted more to manage their family budget.  Across key constituencies such as middle class families, Independents, seniors, married women and those likely to vote, however, Romney maintained an edge.

Gretchen Hamel, executive director of Public Notice, issued the following statement regarding the poll:

“President Obama said earlier this year that the debt wasn’t a problem in the ‘short-term,’ yet millions of Americans believe it’s having a major impact on their personal finances.  Regardless of what the pundits in Washington say, voters are looking for a plan to reduce the debt now.  With just over two weeks until Election Day, both candidates would be wise to focus less on partisan one-liners and empty applause lines and more on getting our fiscal house in order.”

Key Findings:

-Voters across the country report experiencing an impact from the level of the federal debt. A majority (56%) say the level of federal debt has had a major impact on their family’s personal financial situation, while another 32% also say it has a minor impact. Just 9% of voters say the debt has had no impact at all on their personal financial situation.

-A majority of seniors (61%), Hispanics (53%), Independents (58%), and middle class families (58%) say the debt has a major impact on their personal finances.

-The data also show that voters are statistically split on who they trust the most to set and manage their family’s budget. Overall, 47% trust Mitt Romney the most, while 46% trust Barack Obama the most. However, the results show key voter groups prefer Mitt Romney to manage their family budget:

-Mitt Romney’s support on this measure is also more bi-partisan than support for Barack Obama. While 28% of “soft” Democrats trust Romney the most to handle their family’s budget, only 6% of “soft” Republicans trust Obama the most.

Click here to read the full polling memo.

To schedule an interview, please contact The Public Notice Press Office at 571.970.6490 or e-mail Press@ThePublicNotice.org 

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Public Notice is an independent, nonpartisan, non-profit, 501(c)(4) organization dedicated to providing the facts and insights on the effects public policy has on Americans’ financial well-being.