Pew Financial Reform Project National Poll: Major Findings

May 25th, 2010

A poll of 1,000 likely 2010 general election voters was conducted on March 4-8, 2010 by the bipartisan polling team of The Mellman Group and Ayres, McHenry & Associates.  The poll has a margin of error of ± 3%. Here are some key results.  

THE FINANCIAL CRISIS AFFECTED AN EXCEPTIONAL NUMBER OF AMERICANS

  • 46% have either lost their job, or had a family member or close friend lose a job due to the financial crisis; 53% have lost some, most or all of their savings.

FINANCIAL REFORM IS A HIGH NATIONAL PRIORITY

  • 74% of voters believe that the chances are 50-50 or better that the U.S. will experience another financial crisis in the next three years.
  • Most Americans believe that reforming the financial sector is a top priority for the nation, even in the face of other pressing issues such as health care, education and immigration reform, and the war in Afghanistan.
  • 59% of voters felt Congress and the administration should support financial reform now, over other priorities.

INACTION WILL HURT INCUMBENTS

  • 50% of voters say they would view their member of Congress more favorably if reform is enacted this year, while only 18% would view them less favorably.

ALL KEY ELEMENTS OF REFORM MATTER

  • Each of these major elements of reform was supported by over 80% of voters: An early warning system to address signs of trouble in the system; Ending “Too Big to Fail” and bailouts; Increasing market transparency to protect investors and families; Giving consumers better information about business practices.

AFTER HEARING THE ARGUMENTS FOR AND AGAINST THE PROPOSED REFORMS, VOTER SUPPORT FOR LEGISLATION INCREASED

  • At the start of the survey, 29% opposed reform, and 40% supported it.
  • After details were explained and arguments for and against reform described, opposition stayed at 29% but support rose to over 60%.

Click on the link below to read the poll findings.

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