At a Glance: Findings from the August SCE Public Policy Survey
Survey data track consumers’ outlook on public policy—likelihood of changes and impact of shifts
- The average probability assigned to an increase (decrease) in housing assistance over the next twelve months reached 37 percent (14 percent) in August 2020, a new series high (low).
The increase was driven by lower-income (below $60,000 per year) respondents without a college degree and might indicate an expectation of further extensions of mortgage forbearance and renter support programs.
- The average likelihood of a decrease in welfare benefits dropped further in August to 15 percent, a new series low. Yet respondents report an average probability of 22 percent of a future decrease in unemployment benefits, substantially above the April level of 14 percent.
- The likelihood of an increase in the average income tax rate over the next year rose to 37 percent in August from 34 percent in April, reaching its highest level since 2016. Similarly, the average probability of an increase in the tax rate for the highest income bracket increased to 37 percent from 30 percent in April, marking a new series high.
Blog: Consumers Expect Modest Increase in Spending Growth and Continued Government Support