NEW YORK, Nov. 4, 2013 /PRNewswire/ -- Looking ahead, one-third of Americans expect a shift in economic powers according to a new nationwide survey from TheStreet (TST), conducted by GfK North America1. The study finds that while more than half of Americans (59%) believe that the United States (U.S.) is currently the dominant economic power, more than one-third (35%) of Americans believe that China will inherit that title before the end of the decade.
"Despite the slow economic recovery of the five years since the financial crisis, most people in the United States still regard the nation as the world's dominant economic power," said Joe Deaux, TheStreet's Economics Analyst. "However, confidence that the U.S. will retain that status five to seven years out wavers. Though respondents still see the U.S. in the future as the outright economic leader, favor for China substantially narrows the gap."
Other survey highlights include:
- Less than one third (28%) of those polled think that China is currently the world's dominant economic power.
- Half of those polled over the age of 65+ think the U.S. will be the world's dominant economic power in five to seven years but just over one third (35%) of 18-34 year olds think so.
- Over half (53%) of those polled who earn less than $25,000/year think the U.S. will be the world's dominant economic power in five to seven years but among those who earn more than $50,000/year 37% think the U.S will be the world's dominant economic power.
The full story from TheStreet is available online.
About the Survey
Results contained in this report are based on a Roper poll by GfK North America with TheStreet, Inc. Telephone interviews were conducted from September 27-29, 2013 among a total of 1,005 adult Americans in GfK's OmniTel, a dual frame methodology that blends landline and cell phones for a representative sample of the general population. The margin of error for this study is +/- 3 percentage points for the total sample.
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1 Roper poll by GfK's OmniTel service, September 2013