The headline on a recent Gallup report was “Americans’ Economic Pessimism Reaches Record High.” The report shows a nation deeply unhappy with the state of the economy.
Right now, according to the report, 27% of Americans rate current economic conditions as either excellent or good, while 44% say they are only fair and 28% say they are poor. Moreover, “an extraordinary 78% of Americans now say the economy is getting worse, while a scant 13% say it is getting better.”
Bearing in mind that the economy isn’t in recession (yet?), and consumers haven’t felt the full effects of $98 oil (wait until they see this winter’s heating bills) or the plunging dollar, which will raise the prices of imported goods.
2007-11-30
05:19:43
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21 answers
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Anonymous