News

Survey: Americans’ pessimism on economy has grown

Survey: Americans’ pessimism on economy has grown

CONSUMER CONFIDENCE: Seventy-one percent of Americans surveyed say the recession put a permanent drag on the economy. Photo: Associated Press

WASHINGTON (AP) — Despite many signs of a business recovery including improved hiring, Americans are more worried about the economy than they were right after the Great Recession.

A survey released by researchers at Rutgers University says that this pessimism exists despite record Wall Street gains and a host of upbeat economic indicators.

Seventy-one percent of Americans surveyed say the recession put a permanent drag on the economy. In contrast, Rutgers researchers found in a similar survey in November 2009 that only 49 percent thought the downturn would have lasting damage.

That earlier 2009 survey was conducted five months after the recession officially ended.

And when the 2009 survey was undertaken, national joblessness was at 9.9 percent of the labor force, compared to the current 6.2 percent.

The survey says people’s confidence in the economy has been eroded by the slow pace of improvement during the recovery.

Recent Headlines

15 mins ago in Music, Viral Videos

Blake Shelton finally tries sushi

Fresh
20-overlay-11

Jimmy Fallon takes "The Voice" judge out for a little dinner and a chance to broaden his horizons.

2 hours ago in Entertainment

REVIEW: ‘Alice Through the Looking Glass’ is totally pointless, boring sequel

Fresh
17-overlay-3

Not even Johnny Depp - reliable as ever inside a fright wig and exaggerated make up - can save this sequel.

5 hours ago in Entertainment

Stage is set for toughest National Spelling Bee ever

11-overlay-15

The final day of the Scripps National Spelling Bee could feature the most difficult words ever used in the competition.

7 hours ago in Music

Chris Cornell wins mastertapes battle

chriscornell218113539983

The rocker has won the battle for the mastertapes to his Temple of the Dog recordings just in time for the 25th anniversary of the supergroup venture.

7 hours ago in Entertainment

‘The Fast and the Furious’ racing back to theaters for anniversary run

11-overlay-13

The first film in the highly-popular franchise was released on June 22, 2001 and will hit theaters again next month for a limited nationwide run.