November 20, 2008 - Most New Jersey Voters Have Suffered In '08, Quinnipiac University Poll Finds; Most Don't Expect Things To Get Better Soon

Word format

The last year has been hard on New Jersey as 59 percent of voters say they are worse off financially than they were one year ago, with 20 percent saying they're better off and 20 percent saying things are the same, according to a Quinnipiac University poll released today. A total of 55 percent of voters describe their personal finances as "excellent" or "good," while 43 percent say their finances are "not so good" or "poor."

And only 28 percent expect their personal finances to get better in the next year, while 22 percent expect them to get worse and 45 percent say things won't change, the independent Quinnipiac (KWIN-uh-pe-ack) University poll finds.

But the economy will get better by the end of President-elect Barack Obama's first term, 66 percent believe. That includes 41 percent of Republican voters, 86 percent of percent of Democrats and 64 percent of independent voters. When New Jersey voters are asked how long it will take to solve the nation's economic crisis:
  • 2 percent say one year;
  • 12 percent say two years;
  • 10 percent say three years;
  • 12 percent say four years;
  • 11 percent say five years;
  • 14 percent say eight years;
  • 10 percent say 10 years.



"The economic picture in New Jersey is bleak: six in 10 voters say they are worse off financially than a year ago; even more are worried about their retirement; more than half say they have lost 'a lot' of money in their retirement plan; 41 percent are worried about losing their jobs and most plan to spend less this holiday season," said Clay F. Richards, assistant director of the Quinnipiac University Polling Institute.

"While only about a quarter think things will be better next year, there is broad optimism the Obama administration will be able to fix the nation's economic problems. More than a third say recovery will come in President-elect Obama's first term while about another third say it will take two terms. Almost 20 percent say recovery will take 10 years or more," Richards added.

Among the 62 percent of New Jersey voters working full or part time, 41 percent are "very worried" or "somewhat worried" about losing their job. Other concerns are:
  • 65 percent are worried about having enough money to live on when they retire;
  • Of the 92 percent who have health care coverage, 35 percent are worried about losing it;
  • Of the 74 percent who own their home, 20 percent are worried about losing it. Also because of the economy:
  • 58 percent of voters plan to spend less on holiday gifts;
  • 42 percent of those who haven't retired plan to delay their retirement.
From November 13 - 17, Quinnipiac University surveyed 2,020 New Jersey registered voters with a margin of error of +/- 2.2 percentage points.

The Quinnipiac University Poll, directed by Douglas Schwartz, Ph.D., conducts public opinion surveys in New York, New Jersey, Pennsylvania, Connecticut, Florida, Ohio and nationally as a public service and for research. For more data or RSS feed: http://www.quinnipiac.edu/polling.xml, or call (203) 582-5201.

20. Would you describe the state of your own personal finances these days as: Excellent, good, not so good, or poor?
                     Tot    Rep    Dem    Ind    Men    Wom    Wht    Blk
 
Excellent             6%     8%     4%     5%     8%     4%     7%     3%
Good                 49     51     48     52     53     46     51     38
Not so good          30     31     31     29     29     32     30     31
Poor                 13      9     16     13     10     16     10     27
DK/NA                 1      1      1      2      1      2      1      1
 
                                          Philly
                     Urban  SbUrbn ExUrbn land   Shore
 
Excellent             5%     7%     6%     4%     6%
Good                 39     54     59     45     47
Not so good          34     29     23     34     31
Poor                 20      8     11     17     15
DK/NA                 1      1      2      1      1
 
                     AGE IN YRS     INCOME............. 
                     <50    50+     <50    50-100 >100K 
                                                        
Excellent             6%     6%      2%     4%    12%   
Good                 50     49      32     53     68    
Not so good          30     31      38     38     16    
Poor                 14     13      28      5      3    
DK/NA                 -      2       1      -      -    
 
 
21. Would you say that you are better off or worse off financially than you were a year ago?
                     Tot    Rep    Dem    Ind    Men    Wom    Wht    Blk
 
Better off           20%    15%    25%    18%    23%    17%    15%    41%
Worse off            59     65     54     60     57     61     62     47
SAME(VOL)            20     20     20     21     20     21     22     12
DK/NA                 1      1      1      1      1      1      1      -
 
                                          Philly
                     Urban  SbUrbn ExUrbn land   Shore
 
Better off           26%    21%    15%    19%    17%
Worse off            54     56     63     62     62
SAME(VOL)            19     22     21     19     20
DK/NA                 1      1      1      -      1
 
                     AGE IN YRS     INCOME.............
                     <50    50+     <50    50-100 >100K
                                                       
Better off           30%    10%     14%    24%    25%  
Worse off            53     63      62     58     56   
SAME(VOL)            16     25      23     18     18   
DK/NA                 -      1       -      -      -   
 
TREND: Would you say that you are better off or worse off financially than you were a year ago?
                     Nov 20  Jun 22  Mar 9   Apr 2
                     2008    2004    2004    2003
                                             
Better off           20      36      38      32  
Worse off            59      37      37      43  
SAME(VOL)            20      25      23      24  
DK/NA                 1       2       2       2
 
 
22. During the next 12 months, do you think your own personal finances will get better, get worse, or stay about the same?
                     Tot    Rep    Dem    Ind    Men    Wom    Wht    Blk
 
Get better           28%    21%    36%    27%    31%    26%    20%    59%
Get worse            22     30     17     22     19     25     26      7
Stay the same        45     46     43     46     47     43     49     32
DK/NA                 5      4      5      5      3      6      5      2
 
                                         Philly
                     Urban  SbUrbn ExUrbn land   Shore
 
Get better           39%    28%    20%    28%    29%
Get worse            13     24     28     25     20
Stay the same        43     43     47     44     47
DK/NA                 5      5      5      4      5
 
                     AGE IN YRS     INCOME.............
                     <50    50+     <50    50-100 >100K
                                                       
Get better           36%    22%     31%    29%    26%  
Get worse            21     23      21     23     24   
Stay the same        41     48      42     46     48   
DK/NA                 2      6       6      3      2   
 
TREND: During the next 12 months, do you think your own personal finances will get better, get worse, or stay about the same? (* financial situation)
                     Nov 20  Feb 21  Oct 18
                     2008    2008*   2001*
 
Get better           28      23      35
Get worse            22      20       8
Stay the same        45      55      54
DK/NA                 5       2       3
 
 
23. By the end of Barack Obama's term in office, do you expect the economy to be better than it is today, worse than it is today, or about the same?
                     Tot    Rep    Dem    Ind    Men    Wom    Wht    Blk
 
Better               66%    41%    86%    64%    64%    67%    61%    88%
Worse                11     26      2     11     12     11     15      1
Same                 17     24     10     19     18     16     18      9
DK/NA                 6      8      2      7      6      6      6      2
 
                                          Philly
                     Urban  SbUrbn ExUrbn land   Shore
 
Better               74%    68%    56%    66%    64%
Worse                 5     10     19     10     13
Same                 15     17     18     19     16
DK/NA                 6      4      7      5      7
 
 
24. Do you think the Obama administration will be able to solve the nation's economic crisis or not?
                     Tot    Rep    Dem    Ind    Men    Wom    Wht    Blk
 
Yes                  51%    25%    74%    46%    48%    53%    45%    74%
No                   36     63     15     39     40     34     41     14
DK/NA                13     12     11     14     12     13     14     12
 
                                          Philly
                     Urban  SbUrbn ExUrbn land   Shore
 
Yes                  60%    54%    39%    52%    48%
No                   25     35     50     34     40
DK/NA                15     12     11     14     12
 
 
25. About how many years will it take to solve the nation's economic crisis?
                     Tot    Rep    Dem    Ind    Men    Wom    Wht    Blk
 
1                     2%     2%     3%     2%     2%     2%     2%     2%
2                    12     10     16     11     15     10     12     16
3                    10      8     11     10     12      8     10      9
4                    12     13     14      9     13     11     13     12
5                    11     14      7     13     11     11     11     10
6                     8      8      9      8      7      9      8      8
7                     3      2      2      3      2      3      2      3
8                    14     13     16     13     13     15     13     18
9                     -      -      -      -      -      -      -      -
10                   10      9      8     12      8     11     10      5
More than 10 years    7      7      6      8      7      7      7      8
DK/NA                11     14      8     10     10     12     13      8
 
 
26. Are you currently employed, employed part time, retired, not working but looking for a job or not working and not looking for a job?
                     Tot    Rep    Dem    Ind    Men    Wom    Wht    Blk
 
Employed             53%    53%    55%    52%    64%    44%    52%    54%
Part time             9     10     10      9      6     12      9      9
Retired              22     26     20     22     19     25     27     12
Looking               6      4      7      7      6      7      4     12
Not looking           6      5      6      8      3     10      6      9
DK/NA                 2      2      2      2      2      2      2      4
 
                                          Philly
                     Urban  SbUrbn ExUrbn land   Shore
 
Employed             52%    57%    56%    52%    46%
Part time            11      9      7      9     13
Retired              19     22     22     23     25
Looking              10      5      5      7      7
Not looking           5      5      9      7      7
DK/NA                 3      2      1      2      3
 
                     AGE IN YRS     INCOME.............
                     <50    50+     <50    50-100 >100K
                                                       
Employed             65%    42%     29%    63%    78%  
Part time            14      5      13     10      5   
Retired               1     43      38     15      7   
Looking               8      5      11      5      2   
Not looking           9      4       6      6      7   
DK/NA                 2      2       3      1      1   
 
 
27. (If working full or part time q26) Because of what's going on in the economy today, how worried are you about losing your job - Very worried, somewhat worried, not too worried, or not worried at all?
                     WORKING Q26.........................................
                     Tot    Rep    Dem    Ind    Men    Wom    Wht    Blk
 
Very worried         14%    13%    15%    13%    13%    15%    12%    17%
Smwht worried        27     28     27     28     27     27     26     27
Not too worried      27     22     31     26     26     28     28     27
Not worried at all   31     38     27     32     33     30     33     29
DK/NA                 -      -      1      1      -      1      1      -
 
                                          Philly
                     Urban  SbUrbn ExUrbn land   Shore
 
Very worried         14%    12%    11%    19%    16%
Smwht worried        31     25     30     25     28
Not too worried      25     29     26     27     26
Not worried at all   30     33     33     29     30
DK/NA                 -      1      1      -      -
 
                     AGE IN YRS     INCOME.............
                     <50    50+     <50    50-100 >100K
                                                       
Very worried         16%    10%     21%    14%    11%  
Smwht worried        26     29      25     30     25   
Not too worried      27     27      30     25     26   
Not worried at all   30     33      23     31     38   
DK/NA                 -      -       -      -      1   
 
 
28. (All except retired q26) Do you have a 401k or some other type of retirement plan?
                     ALL EXCEPT RETIRED Q26..............................
                     Tot    Rep    Dem    Ind    Men    Wom    Wht    Blk
 
Yes                  71%    80%    66%    70%    75%    67%    74%    57%
No                   28     20     34     29     24     32     24     41
DK/NA                 1      -      1      1      1      1      1      2
 
                                          Philly
                     Urban  SbUrbn ExUrbn land   Shore
 
Yes                  60%    79%    79%    66%    63%
No                   39     20     20     33     36
DK/NA                 1      1      1      1      1
 
                     AGE IN YRS     INCOME.............
                     <50    50+     <50    50-100 >100K
                                                       
Yes                  65%    79%     41%    76%    91%  
No                   34     19      57     24      9   
DK/NA                 1      1       1      1      -   
 
 
29. (If retired q26) Are you living on some kind of retirement plan?
                     RETIRED Q26..................................
                     Tot    Rep    Dem    Ind    Men    Wom    Wht
 
Yes                  69%    67%    64%    75%    75%    65%    72%
No                   29     31     34     22     22     33     26 
DK/NA                 2      2      1      3      3      2      2 
 
 
30. (If have retirement plan - Retired or Not) Because of what's going on in the economy today has that plan lost money in the last year?
                     RETIREMENT PLAN Q28 or Q29..........................
                     Tot    Rep    Dem    Ind    Men    Wom    Wht    Blk
 
Yes                  80%    82%    74%    84%    82%    78%    80%    70%
No                   17     15     22     12     16     17     16     24
DK/NA                 4      2      4      4      3      5      4      6
 
                                          Philly
                     Urban  SbUrbn ExUrbn land   Shore
 
Yes                  81%    78%    84%    76%    80%
No                   14     18     13     20     16
DK/NA                 5      4      3      3      4
 
                     AGE IN YRS     INCOME.............
                     <50    50+     <50    50-100 >100K
                                                       
Yes                  87%    73%     60%    81%    93%  
No                   10     23      33     15      7   
DK/NA                 3      5       7      4      -   
 
 
31. (If yes q30) Would you say your plan has lost a lot of money, some money, or only a little money?
                     LOST MONEY Q30...............................
                     Tot    Rep    Dem    Ind    Men    Wom    Wht
 
A lot                56%    55%    53%    59%    56%    55%    55%
Some                 33     31     36     30     32     33     33 
Only a little        10     14      9     10     11     10     10 
DK/NA                 1      1      1      2      1      2      2 
 
                                          Philly
                     Urban  SbUrbn ExUrbn land   Shore
 
A lot                57%    58%    53%    55%    52%
Some                 35     31     32     36     31
Only a little         7      9     13      8     15
DK/NA                 -      1      2      1      2
 
                     AGE IN YRS     INCOME.............
                     <50    50+     <50    50-100 >100K
                                                       
A lot                56%    55%     47%    55%    61%  
Some                 33     32      41     35     28   
Only a little        10     11      11      9     10   
DK/NA                 1      2       1      -      -   
 
 
32. (If have retirement plan - Retired or Not) Because of what's going on in the economy today have you had to borrow or take money out of that retirement plan to make ends meet?
                     RETIREMENT PLAN Q28 or Q29..........................
                     Tot    Rep    Dem    Ind    Men    Wom    Wht    Blk
 
Yes                  14%    14%    14%    14%    11%    16%    12%    18%
No                   85     85     85     85     88     82     87     79
DK/NA                 2      1      2      2      1      2      2      3
 
                                          Philly
                     Urban  SbUrbn ExUrbn land   Shore
 
Yes                  15%    12%    15%    14%    14%
No                   83     86     85     84     84
DK/NA                 2      2      -      2      2
 
                     AGE IN YRS     INCOME.............
                     <50    50+     <50    50-100 >100K
                                                       
Yes                  11%    16%     25%    12%     7%  
No                   88     83      73     87     92   
DK/NA                 1      2       2      1      1   
 
 
33. Do you own or rent your home?
                     Tot    Rep    Dem    Ind    Men    Wom    Wht    Blk
 
Own                  74%    84%    63%    77%    76%    71%    81%    40%
Rent                 22     13     33     16     19     24     14     55
OTHER(VOL)            4      2      3      5      4      4      4      5
DK/NA                 1      -      1      1      1      1      1      -
 
                                          Philly
                     Urban  SbUrbn ExUrbn land   Shore
 
Own                  54%    77%    83%    76%    75%
Rent                 41     20     12     20     18
OTHER(VOL)            5      2      4      4      5
DK/NA                 1      1      -      -      3
 
                     AGE IN YRS     INCOME.............
                     <50    50+     <50    50-100 >100K
                                                       
Own                  64%    82%     51%    81%    92%  
Rent                 29     16      42     16      6   
OTHER(VOL)            6      2       6      3      2   
DK/NA                 1      -       1      -      -   
 
 
34. Because of what's going on in the economy today, have you lost your home?
                     Tot    Rep    Dem    Ind    Men    Wom    Wht    Blk
 
Yes                   1%     1%     1%     1%     1%     2%     1%     1%
No                   97     98     96     97     98     96     98     94
DK/NA                 2      1      2      1      1      2      1      5
 
 
35. (If own home and not lost home)Because of what's going on in the economy today how worried are you about losing that home - very worried, somewhat worried, not too worried, or not worried at all?
                     HOME OWNER Q34...............................
                     Tot    Rep    Dem    Ind    Men    Wom    Wht
 
Very worried          5%     5%     5%     5%     3%     7%     4%
Smwht worried        15     13     18     14     15     16     14 
Not too worried      24     23     25     25     24     24     22 
Not worried at all   55     59     51     55     57     53     59 
DK/NA                 -      -      -      1      -      -      - 
 
                                          Philly
                     Urban  SbUrbn ExUrbn land   Shore
 
Very worried          8%     2%     5%     9%     6%
Smwht worried        22     13     14     18     14
Not too worried      34     25     20     21     22
Not worried at all   35     59     61     53     57
DK/NA                 -      1      -      -      1
 
                     AGE IN YRS     INCOME.............
                     <50    50+     <50    50-100 >100K
                                                       
Very worried          5%     5%     12%     5%     2%  
Smwht worried        17     14      24     15     11   
Not too worried      31     19      14     29     26   
Not worried at all   46     62      49     50     62   
DK/NA                 -      -       -      -      -   
 
 
36. This year are you going to spend more on holiday gifts, less or about the same?
                     Tot    Rep    Dem    Ind    Men    Wom    Wht    Blk
 
More                  3%     1%     4%     2%     3%     3%     1%     7%
Less                 58     55     60     58     49     65     57     55
Same                 37     41     34     38     45     30     39     36
DK/NA                 2      3      2      2      2      2      3      2
 
 
37. (If more q36) Would you say a lot more, somewhat more, or only a little more? (* Additional caution should be taken when interpreting the findings of group because of the larger margin of error.)
                     
                     SPEND MORE Q36
                     Tot*   
 
A lot                22%   
Smwht                41    
Only a little        38    
DK/NA                 -    
 
 
38. (If less q36) Would you say a lot less, somewhat less, or only a little less?
                     SPEND LESS Q36.......................................
                     Tot    Rep    Dem    Ind    Men    Wom    Wht    Blk
 
A lot                43%    40%    46%    40%    39%    45%    38%    57%
Smwht                39     40     38     42     41     38     43     35
Only a little        17     18     15     18     18     16     17      8
DK/NA                 1      1      1      1      1      1      1      -
 
 
39. Because of what's going on in the economy today, how worried are you that you will not have enough money to live on in retirement - Very worried, somewhat worried, not too worried, or not worried at all?
                     Tot    Rep    Dem    Ind    Men    Wom    Wht    Blk
 
Very worried         28%    24%    29%    29%    23%    33%    25%    33%
Smwht worried        37     38     34     39     36     37     39     27
Not too worried      20     19     23     17     21     18     20     19
Not worried at all   15     17     13     14     19     11     14     18
DK/NA                 1      1      1      1      1      1      1      3
 
                     AGE IN YRS     INCOME.............
                     <50    50+     <50    50-100 >100K
                                                       
Very worried         30%    26%     37%    29%    20%  
Smwht worried        34     39      32     36     40   
Not too worried      22     18      15     21     25   
Not worried at                                         
all                  13     16      14     14     15   
DK/NA                 1      1       2      -      -   
 
 
40. (All except retired q26) Because of what's going on in the economy today, are you planning on delaying your retirement?
                     ALL EXCEPT RETIRED Q26..............................
                     Tot    Rep    Dem    Ind    Men    Wom    Wht    Blk
 
Yes                  42%    37%    42%    45%    37%    47%    42%    38%
No                   49     55     48     47     55     43     49     51
DK/NA                 9      8      9      8      9      9      9     11
 
                     AGE IN YRS     INCOME.............
                     <50    50+     <50    50-100 >100K
                                                       
Yes                  34%    54%     52%    44%    35%  
No                   55     40      38     49     59   
DK/NA                11      6      11      8      6   
 
 
41. Are you now covered by some kind of health insurance plan?
                     Tot    Rep    Dem    Ind    Men    Wom    Wht    Blk
 
Yes                  92%    95%    90%    93%    91%    93%    94%    86%
No                    7      5      9      7      8      7      6     14
DK/NA                 -      -      1      -      1      -      -      -
 
                                          Philly
                     Urban  SbUrbn ExUrbn land   Shore
 
Yes                  89%    95%    91%    91%    92%
No                   10      5      8      8      8
DK/NA                 1      -      -      1      -
 
                     AGE IN YRS     INCOME.............
                     <50    50+     <50    50-100 >100K
                                                       
Yes                  89%    95%     83%    96%    99%  
No                   10      5      16      4      1   
DK/NA                 1      -       1      -      -   
 
 
42. (If yes q41)Because of what's going on in the economy today how worried are you about losing your health care coverage - Very worried, somewhat worried, not too worried, or not worried at all?
                     HAVE HEALTH INSURANCE Q41............................
                     Tot    Rep    Dem    Ind    Men    Wom    Wht    Blk
 
Very worried         13%    11%    14%    13%    11%    15%    10%    13%
Smwht worried        22     21     22     24     22     22     22     20
Not too worried      26     25     27     27     24     28     27     25
Not worried at all   38     43     37     35     42     35     40     42
DK/NA                 1      1      -      1      1      1      1      -
 
                     AGE IN YRS     INCOME.............
                     <50    50+     <50    50-100 >100K
                                                       
Very worried         12%    13%     22%    12%     7%  
Smwht worried        20     24      23     23     18   
Not too worried      29     23      24     29     27   
Not worried at all   38     39      31     36     48   
DK/NA                 1      1       1      -      1