Young People, African Americans Expect Personal Finances to Improve Most During Obama's Second Term

A recent poll from Media and Public Opinion (MPO) Research Group finds that some groups have high expectations for their personal financial situation during President Obama's second term.

Washington, DC, December 07, 2012 --( In a recent survey, MPO Research Group asked respondents how they expect their financial situation will change in Obama’s second term. Overall, pessimism outweighs optimism, with 27.7% expecting their financial situation to decline significantly and 15.9% expecting it to decline modestly. Optimists tend to be more tempered than pessimists, with only 16% expecting the situation to improve significantly, and 23.7% expecting it to improve modestly. 16.7% of respondents expect their situation to remain the same.


Between the genders, men are more likely to expect a significant decline (31% compared to 24.6% of females), though are also more likely to expect their finances to improve significantly (17.6% compared to 14.5% of females). Women are more likely to expect modest improvements (28.4% compared to 18.8% of men).


The youngest age groups are the most optimistic about their futures: 36.5% of respondents 18-19 and 20.2% of those 20-29 expect significant improvements; 29.9% of 18-19 year olds and 37.8% of 20-29 year olds expect modest improvements. Respondents in their 20s are also the least pessimistic: only 13.1% expect a significant decline.

Respondents in their 30s are the most likely to expect their finances to stay the same: 24% expect no change in their financial situation.

The three oldest age groups are the most pessimistic, with over 36.6% 40-49, 36.6% 50-59 and 31.1% 60+ expecting a significant decline. 18.4% 40-49, 14.7% 50-59 and 19.8% 60+ expect a modest decline.


African Americans are significantly more optimistic about their finances than any other ethnic group: 28.1% expect a significant improvement and 46.3% expect a modest improvement.

Pessimism is most prevalent among Caucasian Americans: 36% expect a significant decline, 18.4% expect a modest decline. Caucasians are also the least optimistic: only 12.3% expect significant improvements and 17.2% expect modest improvement.

Surveys are conducted by MPO from a national panel of over 5,000 randomly selected individuals in the United States, accurately reflecting all backgrounds in terms of age, education, ethnicity, gender and political affiliation. MPO is a self-funded, independent and non-partisan research and news organization.

News stories from its monthly research surveys can be found on

This survey was based on a poll 751 respondents in November 2012, with a margin of error of 3.58% and at a 95% confidence level.

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