- The average probability assigned to an increase in housing assistance over the next twelve months retreated to 41 percent in December, after reaching a series high of 52 percent in August. The decline was broad-based across age, education, and income groups.
- The average perceived likelihood of an increase in federal student aid and student debt forgiveness in the year ahead declined somewhat to 34 percent and 35 percent, respectively, from 35 percent and 40 percent in August, but remained well above pre-pandemic December 2019 levels of 22 percent and 18 percent, respectively.
- The average probability assigned to an increase in the federal minimum wage over the next year declined for a second consecutive survey period, reaching 45 percent in December. The expected likelihood of an increase in the state minimum wage also declined, reaching 43 percent in December.
- The average expected probability of increases in the payroll tax rate and the average income tax rate over the next twelve months retreated to 44 percent and 51 percent, respectively, after reaching series highs in August. Similarly, the expected likelihood of an increase in the income tax rate for the highest income bracket continued its downward trend, falling to 51 percent in December. All three series remain well above pre-pandemic levels.
The SCE Public Policy Survey is fielded as a rotating module of the Survey of Consumer Expectations (SCE). The data are updated online three times per year as results come in.