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Voters Believe Default Would Be "Major Problem" But Not For Them Personally

US

Morning Consult has published a report showing that a strong majority of voters across the political spectrum say that a default would be a “major” problem for the US.

  • Morning Consult: “Voters across party lines were largely in agreement on the most likely outcomes of a default: 79% of Democrats and 81% of both Republican and independent voters said the economy would worsen, while 77% of Democrats, 74% of independents and 75% of Republicans would expect declines in the stock market.”
  • Interestingly, "Just about 2 in 5 voters thought a default would be a major problem for them personally," suggesting the White House messaging on the potential economic fallout has failed to resonate with voters.

Figure 1: “The share of voters who said it would be a “major” problem for the following if the U.S. were to default on its own debt:”

Source: Morning Consult

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