March 26, 2009

Bailing out Homeowners

46-46

The public is evenly divided over spending billions to help homeowners who are facing foreclosure on mortgages they cannot afford but most supporters say they are bothered by it.

The public remains divided over spending billions to help homeowners who are facing foreclosure on mortgages they cannot afford — 46% say this is the right thing for the government to be doing while an identical percentage says it is wrong. But 72% of those who support the government helping homeowners facing foreclosures say they are, at least, bothered by bailing out people who got in over their heads and 21% of supporters go so far as to say this policy makes them angry. Almost two-thirds of Democrats (64%) say that is the right thing to do, compared with 23% of Republicans and 46% of independents. The gap between Democrats and Republicans has widened — from 29 to 41 points — since the same question was asked in December. Notably, those with family incomes of $30,000 or less are the only income group where a majority (55%) sees the homeowner foreclosure assistance as a good idea. At the other end of the income spectrum (family incomes of $100,000 or more), 36% view homeowner foreclosure aid positively — the lowest of any income group. Read More