A recent Gallup poll found that 68 percent of Republicans say they are better off financially today than a year ago, with just ten percent saying they are worse off.
Similarly, recession fears among small business owners also break down along party lines.
Just 38 percent of Republican small business owners say a recession is likely in the next year, while 79 percent of Democrats say a recession is likely, according to the latest CNBC/SurveyMonkey Small Business Survey.
Despite the divisions, Americans remain extremely optimistic.
The CNBC/SurveyMonkey small business confidence index fell from 59 to 58 this quarter but remains much higher than levels recorded a few years ago.