Thirty-one percent (31%) of American Adults believe the economy is getting better, while 42% believe it is getting worse. That’s not much different that expectations at the end of 2011 when 33% said better and 46% worse.
There remains a huge partisan divide on this, however. By a four-to-one margin, Republicans believe the economy is getting worse. By a 49% to 20% margin, Democrats believe it is getting better. Among those not affiliated with either major party, 27% say better and 43% worse.
A recession is when your neighbor is out of work. A depression is when you lose your job.
I think the “economy is getting better” crowd is in for a rude awakening this year, though.