NEW YORK (May 29, 2019) — With Washington consumed by partisan gridlock, voters continue to urge their leaders to focus on policy solutions that improve America’s fiscal future, according to the Peter G. Peterson Foundation’s monthly Fiscal Confidence Index. May Fiscal Confidence Index, modeled after the Consumer Confidence Index, is 51 (100 is neutral), indicating that voters remain deeply concerned about the trajectory of our nation’s high and rising debt.

Eight in ten Americans (82%) believe the President and Congress should spend more time addressing the national debt, with large bipartisan majorities of Democrats (82%), Independents (83%), and Republicans (79%) all agreeing. Americans see the national debt as an urgent issue, with three-quarters (75%) agreeing that it should be among the President and Congress’s top three priorities.

“Our nation faces a range of critical challenges, but Americans understand that managing the debt is a key part of building America’s future,” said Michael A. Peterson, CEO of the Peterson Foundation. “Addressing the national debt is a rare issue that crosses party lines, and lawmakers have a valuable opportunity to prioritize solutions that can improve our fiscal outlook. In a growing economy, now is the time to put our nation on a smarter, more sustainable path for the future.”

The Fiscal Confidence Index measures public opinion about the national debt by asking six questions in three key areas:

• CONCERN: Level of concern and views about the direction of the national debt.
• PRIORITY: How high a priority addressing the debt should be for elected leaders.
• EXPECTATIONS: Expectations about whether the debt situation will get better or worse in the next few years.

The survey results from these three areas are weighted equally and averaged to produce the Fiscal Confidence Index value. The Fiscal Confidence Index, like the Consumer Confidence Index, is indexed on a scale of 0 to 200, with a neutral midpoint of 100. A reading above 100 indicates positive sentiment. A reading below 100 indicates negative sentiment.

Fiscal Confidence Index Key Data Points:

• The May 2019 Fiscal Confidence Index value is 51. (The April value was 49, and the March value was 49.)
• The current Fiscal Confidence Index score for CONCERN about the debt is 53, indicating deep concern about the debt. The score for debt as a PRIORITY that leaders must address is 28, indicating that Americans want elected leaders to make addressing long-term debt a high priority. The score for EXPECTATIONS about progress on the debt is 73. The Fiscal Confidence Index is the average of these three sub-category scores.
• For a description of the complete methodology, see the Appendix below.

The Peter G. Peterson Foundation commissioned this poll by the Global Strategy Group and North Star Opinion Research to survey public opinion on the national debt. The nationwide poll included 1,001 U.S. registered voters, surveyed by telephone between May 20, 2019 and May 23, 2019. The poll has a margin of error of +/- 3.1%. The poll examined voters’ opinions on the national debt, political leadership, and America’s fiscal and economic health.

Detailed poll results can be found online at: www.pgpf.org/FiscalConfidenceIndex.

About the Peter G. Peterson Foundation

The Peter G. Peterson Foundation is a nonprofit, nonpartisan organization that is dedicated to increasing public awareness of the nature and urgency of key fiscal challenges threatening America’s future, and to accelerating action on them. To address these challenges successfully, we work to bring Americans together to find and implement sensible, long-term solutions that transcend age, party lines and ideological divides in order to achieve real results. To learn more, please visit www.pgpf.org.

APPENDIX: Fiscal Confidence Index Methodology and Questions

• The Fiscal Confidence Index is released monthly by the Peter G. Peterson Foundation.
• The Fiscal Confidence Index value is based on six questions in three categories.
• As is done with the Consumer Confidence Index, the first step in calculating the Fiscal Confidence Index is determining the “Relative Value” for each question. This calculation is made by taking the positive response for each question and dividing it by the sum of the positive and negative responses. Each question was asked on a four-point scale, and answers were weighted according to intensity, with the strongest responses counting twice as much as the middle responses (“much” better or worse answers count twice as heavily as “somewhat” better or worse answers).
• The scores for the Concern, Priority, and Expectations categories are determined by averaging the scores derived from the two questions in each category.
• The Fiscal Confidence Index value is converted from the Relative Value to place it on a scale on which 100 indicates equal positive and negative sentiment, while values below 100 indicate negative sentiment and values above 100 indicate positive sentiment.
• The questions are as follows: