17%2025
−16 pts since 1976 33% then
Oil shock & inflation peak (1979) ’79 Black Monday crash (1987) ’87 Gulf War recession (1991) ’91 Dot-com bust & 9/11 (2001) ’01 Global financial crisis (2008) ’08 COVID-19 pandemic (2020) ’20
28%2025
−44 pts since 1976 72% then
Oil shock & inflation peak (1979) ’79 Black Monday crash (1987) ’87 Gulf War recession (1991) ’91 Dot-com bust & 9/11 (2001) ’01 Global financial crisis (2008) ’08 COVID-19 pandemic (2020) ’20
24.8%2024
−18 pts since 1976 43% then
Oil shock & inflation peak (1979) ’79 Black Monday crash (1987) ’87 Gulf War recession (1991) ’91 Dot-com bust & 9/11 (2001) ’01 Global financial crisis (2008) ’08 COVID-19 pandemic (2020) ’20
9%2026
−31 pts since 1977 40% then
Oil shock & inflation peak (1979) ’79 Black Monday crash (1987) ’87 Gulf War recession (1991) ’91 Dot-com bust & 9/11 (2001) ’01 Global financial crisis (2008) ’08 COVID-19 pandemic (2020) ’20
27%2026
−23 pts since 1991 50% then
Dot-com bust & 9/11 (2001) ’01 Global financial crisis (2008) ’08 COVID-19 pandemic (2020) ’20
27%2026
−18 pts since 1977 45% then
Oil shock & inflation peak (1979) ’79 Black Monday crash (1987) ’87 Gulf War recession (1991) ’91 Dot-com bust & 9/11 (2001) ’01 Global financial crisis (2008) ’08 COVID-19 pandemic (2020) ’20
45%2026
−7.0 pts since 1993 52% then
Dot-com bust & 9/11 (2001) ’01 Global financial crisis (2008) ’08 COVID-19 pandemic (2020) ’20
61%2026
+4.0 pts since 1977 57% then
Oil shock & inflation peak (1979) ’79 Black Monday crash (1987) ’87 Gulf War recession (1991) ’91 Dot-com bust & 9/11 (2001) ’01 Global financial crisis (2008) ’08 COVID-19 pandemic (2020) ’20
27%2026
−26 pts since 1977 53% then
Oil shock & inflation peak (1979) ’79 Black Monday crash (1987) ’87 Gulf War recession (1991) ’91 Dot-com bust & 9/11 (2001) ’01 Global financial crisis (2008) ’08 COVID-19 pandemic (2020) ’20
19.8%2024
−19 pts since 1976 38.4% then
Oil shock & inflation peak (1979) ’79 Black Monday crash (1987) ’87 Gulf War recession (1991) ’91 Dot-com bust & 9/11 (2001) ’01 Global financial crisis (2008) ’08 COVID-19 pandemic (2020) ’20
36.3%2024
−12 pts since 1976 47.9% then
Oil shock & inflation peak (1979) ’79 Black Monday crash (1987) ’87 Gulf War recession (1991) ’91 Dot-com bust & 9/11 (2001) ’01 Global financial crisis (2008) ’08 COVID-19 pandemic (2020) ’20
28%2026
−46 pts since 1977 74% then
Oil shock & inflation peak (1979) ’79 Black Monday crash (1987) ’87 Gulf War recession (1991) ’91 Dot-com bust & 9/11 (2001) ’01 Global financial crisis (2008) ’08 COVID-19 pandemic (2020) ’20
17%2026
−15 pts since 1977 32% then
Oil shock & inflation peak (1979) ’79 Black Monday crash (1987) ’87 Gulf War recession (1991) ’91 Dot-com bust & 9/11 (2001) ’01 Global financial crisis (2008) ’08 COVID-19 pandemic (2020) ’20
28%2026
−32 pts since 1979 60% then
Black Monday crash (1987) ’87 Gulf War recession (1991) ’91 Dot-com bust & 9/11 (2001) ’01 Global financial crisis (2008) ’08 COVID-19 pandemic (2020) ’20
33%2026
−31 pts since 1977 64% then
Oil shock & inflation peak (1979) ’79 Black Monday crash (1987) ’87 Gulf War recession (1991) ’91 Dot-com bust & 9/11 (2001) ’01 Global financial crisis (2008) ’08 COVID-19 pandemic (2020) ’20