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Field Poll

Field Poll

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California voters report they're financially better off this year than they were last year. But, they're not so positive about California's overall economy.
California voters report they're financially better off this year than they were last year. But, they're not so positive about California's overall economy.

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Published by: Capital Public Radio on Jun 26, 2014
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05/31/2015

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 THE INDEPENDENT AND NON-PARTISAN SURVEY OF PUBLIC OPINION ESTABLISHED IN 1947 AS
THE CALIFORNIA POLL
 BY
MERVIN FIELD
 
Field Research Corporation
601 California Street, Suite 210 San Francisco, CA 94108-2814 (415) 392-5763 FAX: (415) 434-2541 EMAIL: fieldpoll@field.com www.field.com/fieldpollonline
Field Research Corporation is an Equal Opportunity Employer  
THE FIELD POLL
Release #
2473
Release Date:
Thursday, June 26, 2014 FOR THE FIRST TIME SINCE 2007 MORE CALIFORNIA VOTERS SAY THEY ARE FINANCIALLY BETTER OFF THAN THEY WERE DURING THE PRIOR YEAR. YET, MORE STILL DESCRIBE THE STATE AS BEING IN ECONOMIC BAD TIMES THAN GOOD TIMES.
IMPORTANT: Contract for this service is subject to revocation if publication or broadcast takes place before release date or if contents are divulged to persons outside of subscriber staff  prior to release time. (ISSN 0195-4520) By Mark DiCamillo and Mervin Field According to
The Field Poll’s
 annual assessment of the economic well-being of Californians, 44% of registered voters now report that they are financially better off than they were last year, while 28% are worse off. Another 28% say there has been no change. This is the first time in seven years that more California voters have reported being financially better off than worse off compared to the  prior year.  Nevertheless, when asked to describe the overall California economy, more than twice as many still describe the state as being in economic bad times (53%) as good times (25%). Contributing to this assessment are voter concerns about the availability of jobs. Nearly two in three (64%) believe jobs are difficult to find in their area, while just 21% feel they are plentiful. In addition, 52% describe unemployment in California as very serious. These findings come from the latest statewide
 Field Poll 
 completed last week.
Improvement in Californians’ self 
-reported financial well-being
More Californians now say they are financially better off this year compared to last (44%) as report  being worse off (28%). Another 28% say there has been no change. This is a much more positive assessment of personal financial well-being than each of six prior
 Field Polls
 conducted since 2007, when many more described themselves as financially worse off than better off during the prior year. However, improvements in financial well-being vary considerably by household income. Voters with higher incomes are far more likely than those with lower incomes to report improvement. For example, among voters with annual household incomes of $80,000 or more, nearly three times as many report they are financially better off than they were during the prior year (58%) as say they are worse off (22%). By contrast, voters with annual household incomes of less than $40,000 are more likely to report being financially worse off this year (37%) than better off (30%).
 
The Field Poll #2473 Thursday, June 26, 2014 Page 2
Table 1 Californians' personal financial well-being compared to one year ago (among registered voters)
 
Better off No change Worse off June 2014 44% 28 28
2013 30% 26 44 2012 25% 33 42 2011 22% 28 50 2010 23% 25 52 2009 18% 23 59 2008 14% 23 63 2007 37% 30 33 2005 41% 28 31 2004 41% 32 27 2003 38% 26 36 2002 35% 30 35 2001 47% 26 27 2000 54% 28 18 1999 49% 35 16 1998 54% 30 16 1997 42% 31 27 1996 38% 35 27 1995 34% 32 34 1994 37% 32 31 1993 29% 26 45 1992 26% 24 50 1991 25% 28 47 1990 42% 28 30 1989 46% 27 27 1988 50% 23 27 1987 49% 26 25 1986 52% 28 20 1985 54% 27 19 1984 55% 24 21 1981 33% 25 42 1979 30% 28 41 1978 41% 35 24 1977 34% 36 30 1976 28% 33 39 1974 28% 29 43 1973 39% 33 28 1971 29% 36 35 1970 34% 33 33 1966 37% 45 18 1961 40% 41 19 Household income
(June 2014)
 Less than $40,000 30% 33 37 $40,000-$79,999 48% 27 25 $80,000 or more 58% 20 22
 Note: In this and succeeding tables, trend data prior to 1993 are based on all adults.
Increasing proportion express optimism about their economic fortunes next year
There is also somewhat greater optimism among Californians that their economic fortunes for the coming year will improve. Four in ten (40%) expect to be financially better off next year, up from
 
The Field Poll #2473 Thursday, June 26, 2014 Page 3
30% who reported this in 2012 and 2013. Voters with annual incomes in excess of $80,000 are the most likely subgroup to express optimism about their finances next year than those with lower incomes.
Table 2 Personal financial expectations for next year (among registered voters) Will be better off No change/ not sure Will be worse off June 2014 40% 50 10
2013 30% 55 15 2012 30% 58 12 2011 25% 58 17 2010 30% 58 12 2009 24% 51 19 2008 22% 48 22 2007 32% 49 14 2005 35% 49 12 2004 38% 48 7 2003 36% 48 10 2002 41% 45 8 2001 32% 55 13 2000 44% 53 3 1999 41% 54 5 1998 46% 49 5 1997 40% 50 10 1996 35% 57 8 1995 34% 56 10 1994 40% 48 12 1993 37% 49 14 1992 29% 53 18 1991 30% 53 17 1990 38% 47 15 1989 38% 47 15 1988 40% 51 9 1987 47% 45 8 1986 52% 42 6 1985 50% 42 8 1984 51% 42 7 1981 35% 46 19 1979 25% 40 31 1978 37% 46 17 1977 35% 47 18 1976 37% 45 18 1974 33% 39 28 1973 41% 46 13 1971 37% 44 19 1970 34% 44 22 1966 43% 49 8 1961 48% 46 6 Household income
(June 2014)
 Less than $40,000 37% 54 9 $40,000-$79,999 35% 54 11 $80,000 or more 46% 44 10

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