How's that capitalism working for you? Support is slipping for our profit-driven way of life.

I'm David Brancaccio in Los Angeles. American enthusiasm for capitalism is slipping.

That's the headline from a new Gallup poll, Marketplace's Savannah Peters reports.

Gallup has been asking Americans how they feel about capitalism and socialism since 2010.

Jeffrey Jones runs that survey.

The debate has come up, certainly in the last few presidential elections about the economic

system that the U.S. has.

And whether it's serving ordinary Americans.

In this latest survey, just 54% of respondents said they view capitalism positively,

down from 60% the last time Gallup asked in 2021.

And now the gap that we see in terms of positive ratings between capitalism and socialism

is the smallest that we've had to date.

That gap is especially small among younger people and Democrats.

It's worth noting Gallup doesn't brief people on a shared definition of capitalism or socialism

or ask them about their own understanding.

Sarah Damaske teaches those concepts to undergrads at Penn State.

They maybe have a mixed understanding would be my impression.

And I think that it's shaped by how these terms get bandied about in politics.

Regardless, Damascus says capitalism's image problem tells us something important,

that fewer Americans feel the economic status quo is working in their favor. I'm Savannah Peters for Marketplace.

After President Trump's firing of the head of the Bureau of Labor Statistics that followed

job creation numbers that were revised downward, there's a new big revision on the way later this morning.

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