This article originally appeared on Fox News on December 19, 2019.
Democratic Party leaders are unsure they have a candidate who can beat President Trump in 2020. Fidelity Investments’ 2020 New Year Financial Resolutions Study did little to assuage their concerns.
According to the study, 82 percent of Americans say they’re in a similar or better financial position this year than last while 78 percent believe they will be better off in 2020 than they were in 2019. Those are daunting numbers for Democrats.
Despite all the talk of a looming recession, Americans seem more convinced by what they are experiencing than by what the left is telling them. Only 23 percent included “the economy, stock market volatility, or interest rates” as top financial concerns for 2020. Their biggest financial concern (51 percent) was an “unexpected expense.”
It’s safe to say that Americans expect things to go pretty well next year. That makes the Democrats’ call for an immediate change in leadership a tough sell. When it comes to winning a presidential election, it’s hard to overcome a thriving economy, particularly one that is benefiting just about everyone.
People with jobs are certainly feeling optimistic, and they should. According to the Fidelity study, 23 percent of Americans said they were in a better financial situation today because they “got a new job or received a promotion,” 15 percent said they “received a bonus,” and 25 percent said they were “working more hours.”
Keep in mind that November was the 16th straight month that the Bureau of Labor Statistics reported 3 percent or better year over year wage growth.
People without a job have good reason for feeling optimistic about getting one. According to the Bureau of Labor Statistics’ recently released report on Job Openings and Labor Turnover, there were 7.3 million job openings in October. With only 5.9 million people unemployed, there were 1.4 million more job openings than people actively looking for work.
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