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Political Climate is Biggest Economic RiskNEW YORK, April 24, 2017 /PRNewswire/ -- The political environment in Washington poses the biggest threat to the U.S. economy over the next six months, according to a new Bankrate.com report. 38% of Americans chose that response, followed by political/economic instability overseas (19%), terrorism (14%), rising interest rates (10%) and a decline in the stock market (9%). Click here for more information: http://www.bankrate.com/banking/savings/financial-security-0417/ Back in September, amid the uncertainty of a contentious campaign, 61% said the outcome of the election was the biggest economic risk over the next six months. While the election was resolved, worries about the political impact on the economy were not. Currently, the political environment in Washington is the top economic risk cited by every age, income, gender, racial/ethnic group and political affiliation. "Our survey indicates that many Americans feel they have a lot riding on what elected leaders do – or don't do – in Washington," said Mark Hamrick, Bankrate.com's senior economic analyst. "After all, it's taxpayers who end up footing the bill and consumers who could stand to lose or benefit."
The survey was conducted by Princeton Survey Research Associates International. PSRAI obtained telephone interviews with a nationally representative sample of 1,003 adults living in the continental United States. Interviews were conducted by landline (501) and cell phone (502, including 326 without a landline phone) in English and Spanish by Princeton Data Source from March 2-5, 2017. Statistical results are weighted to correct known demographic discrepancies. The margin of sampling error for the complete set of weighted data is plus or minus 3.8 percentage points. About Bankrate.com: Bankrate.com provides consumers with the expert advice and tools needed to succeed throughout life's financial journey. For over two decades, Bankrate.com has been a leading personal finance destination. The company offers award-winning editorial content, competitive rate information, and calculators and tools across multiple categories, including mortgages, deposits, credit cards, retirement, automobile loans and taxes. Bankrate aggregates rate information from over 4,800 institutions on more than 300 financial products. With coverage of over 600 local markets, Bankrate generates rate tables in all 50 U.S. states. Bankrate develops and provides web services to more than 100 cobranded websites with online partners, including some of the most trusted and frequently visited personal finance sites on the internet, such as Comcast, Yahoo!, CNBC and Bloomberg. In addition, Bankrate licenses editorial content to more than 500 newspapers on a daily basis including The Wall Street Journal, USA Today, The New York Times and The Los Angeles Times. For more information: Ted Rossman To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/political-climate-is-biggest-economic-risk-300443905.html SOURCE Bankrate.com |