Expectations negative as views of economy, finances worsen — CBS News poll

Americans' assessments and outlook for the economy are poor, with most anticipating at least a slowdown, if not a recession, in the coming year. On a personal level, views on their own finances are down from a year ago, and many voice concern about the ability to afford things, or to save, going forward. It's an important sentiment because Americans' views on spending can in turn impact the economy. On a brighter note, however, feelings about job security remain relatively more confident by comparison.

Current assessments of the national economy are getting worse. Just 22% think it's good — down even further from 26% in May — while the percentage saying it's "bad" has gone up to 75% — a new high for the Biden presidency. That is a 12-point rise since April.

Majorities of Republicans, independents, and Democrats all rate the economy as bad. The 60% of Democrats who rate the economy bad is notable because it's moving closer to the views of independents and Republicans, even though a president's own party often gives rosier assessments than others. Democrats' positive assessments have dropped over recent months. They were at 42% good last month.