This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

What Americans Really Think About the U.S. Economy

Stocks in this article: AMTD

NEW YORK ( TheStreet) -- You can't blame Americans if they're of two minds over the U.S. economy.

Late last week, consumers saw a gross domestic product number slip into negative territory, to -0.1% -- a possible precursor to a recession, and is certainly not good news for the economy -- and the U.S. Labor Department report that the U.S. added 157,000 jobs in December, with huge upward revisions in jobs for the two previous months.

But consumers aren't confused about the U.S. economy. Fresh data from T.D. Ameritrade (AMTD) actually show U.S. adults are clear that this year:

  • The S&P 500 will be higher (55%)
  • U.S. unemployment will be lower (54%)
  • U.S. GDP will be higher (45%)
  • Taxes will be higher (85%)
  • Corporate earnings will be higher (53%)
  • The federal deficit will be higher (73%)

Sure, as T.D. Ameritrade points out, Americans are bullish in some areas and bearish in others, but there's little doubt they have more clarity on the economy than some have given them credit for.

In essence, Americans are saying the short-term prospects, as measured by their outlooks on the stock market, unemployment, company earnings and GDP (although last week's dip should curb that positive sentiment), are positive. All told, 46% of investors interviewed by the investment firm are "optimistic" about the U.S. economy in 2013, slightly up from the 43% recorded in September.

Over the long haul, though, not so much. Taxes and spending are still big issues with Americans, with large majorities viewing both economic themes in a negative light.

"Investors are growing more optimistic about the future of the U.S. economy, but they're also looking to our nation's leaders for a credible long-term plan to ensure that this recovery continues to gain momentum," said Tom Bradley, president of retail distribution for TD Ameritrade.

What do Americans want Washington politicians to fix first? The survey has answers for that, too:

  • Addressing federal spending (43%)
  • Fixing the economy (41%)
  • Improving political gridlock in Washington (35%)
  • Addressing the markets in general (31%)
  • Streamlining and improving the nation's tax code (30%)

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs