Americans' Economic Confidence Falls to -30 in November — Gallup's Lowest Since July 2024

Gallup: Economic Confidence Drops Sharply In November

Americans' confidence in the national economy slipped in November, with Gallup's Economic Confidence Index falling to negative 30 — the lowest reading since negative 35 in July 2024. The index, which combines views of current economic conditions and expectations for the months ahead, declined seven points from negative 23 in October.

The index had been at negative 20 in both September and August, and earlier this year dipped to negative 20 in March and negative 22 in April before rebounding to a high of negative 14 in June. Gallup reports the index stood at negative 19 when President Trump took office in January and has generally hovered in the negative teens through much of his second term.

How Americans See the Economy

The November movement reflects worsening public views of both current conditions and near-term prospects:

• 21% of U.S. adults described current economic conditions as excellent or good, down from 24% in October.
• 40% said economic conditions are poor, up from 37% the prior month.
• 27% said the economy is getting better, down from 31% in October, while 68% said it is getting worse.

Five-Year Perspective

Gallup notes wide swings over the past five years: the highest index value during that span was positive 41 in February 2020 (just before the pandemic), while the lowest was negative 58 in June 2022.

Survey Details: The November poll was conducted Nov. 3–25 among 1,321 adults. The margin of sampling error for the full sample is ±4 percentage points.

This decline in Gallup's Economic Confidence Index signals a notable deterioration in public sentiment about the economy's current state and short-term outlook heading into December.

Source: Gallup survey (Nov. 3–25). Copyright 2025 Nexstar Media, Inc.