3 days ago
Should I buy a home or have a baby amid tariffs? MA residents say no, says new poll
Should you choose now to buy a home, have a child or look for a new job?
Massachusetts residents say no, according to a new poll from the University of New Hampshire Survey Center released Friday.
The poll found that Massachusetts residents are very pessimistic about the U.S. economy and about making expensive life decisions.
Based on the recent poll ,64%, including a majority of Democrats, Republicans and Independents, think it's a bad time to buy a home. Majorities also think it's a bad time to buy a car (54%) or have a child (51%). Few think it's a good time to buy a major household item (17%) or look for a new job (19%).
The only action surveyed that Bay Staters are less pessimistic about is investing in the stock market: 27% think it's a good time to do so (with Republicans more likely to say so), 34% say it's a bad time and 39% are neutral.
The poll also looked at how Massachusetts's residents feel about their current finances, their expectations for the economy in the coming year and their thoughts on tariffs.
The Bay State Poll surveyed 907 Massachusetts residents online between May 22 and May 26. It has a margin of error of +/- 3.3%.
Currently, 38% of Massachusetts residents say they are worse off financially than a year ago. 46% say they are about the same, and 16% say they are better off.
When looking ahead, 46% say they expect to be worse off a year from now, compared to 27% who expect to be the same or better off. Those who expect to be worse off cite higher prices, increasing inflation, and a government who they expect will handle the economy poorly.
More than half (55%) also expect the U.S. economy to experience bad times in the next year, and 68% think tariffs will hurt the U.S. economy. That includes 97% of Democrats, 72% of Independents and 17% of Republicans. 75% of Republicans expect tariffs to have a positive impact on the U.S. economy.
This article originally appeared on Telegram & Gazette: Should I buy a home right now? New poll shows MA residents say no
