Nearly two-thirds of Americans sense double-dip recession

Nearly two-thirds of Americans sense double-dip recession

The study revealed that nearly one-in-three Americans (30 percent) believe they have yet to recover financially or never will, despite signals from the Federal Reserve that the U.S. economy is.

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The McClatchy-Marist poll found that Americans who earn less are more likely to think the economy is in a recession. Of those earning less than $50,000 a year, nearly two-thirds say the downturn is still underway. For those earning more than that, only 47% think so. Is it any wonder that Bernanke swings from tapering to easing in the same week?

 · Three reasons Canadians will feel the pain of the next recession more than Americans; Nearly two-thirds of Canadians, or 65 per cent of respondents,

Double dip recession? Everyday consumers certainly didn’t cause the Great Recession, but the impact on jobs and income and financial stability.

Nearly two-thirds of Americans believe that the economy has yet to hit bottom, meaning a double-dip recession is expected, a nationwide survey from Citigroup showed Thursday.

Viewpoint: Bernanke Admits Misjudging Mortgage Crisis He Admits He Doesn’t Know Why We Have a Weak Economy. But He’s the One Who Weakened It. In "Bernanke Admits He’s Clueless On Economy’s Soft Patch", forbes blogger agustino fontevecchia notes: Brutally honest, Bernanke admitted that he had no clue what was actually causing the current fragility in the U.S. economic recovery.

StrategyOne Survey: Two-Thirds of Americans Expect Double-Dip Recession, Brace for Second Hit Worse Than the First. Among those who expect a double-dip recession, nearly half (44%) fear it will.

That’s down from 65% just before the Great Recession — meaning that millions. By comparison, nearly two-thirds of Americans between 30 and 64 years old own stocks. It makes sense that younger.

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Another Recession Would Ruin Two-Thirds of Americans, Survey Finds. America’s worst economic downturn since the great depression officially ended about eight years ago. Despite nearly a decade of economic recovery, however, a recent GOBankingRates survey found most Americans today are woefully unprepared for the next recession. On average,

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 · The Great Recession is nearly a decade in the rear-view mirror, yet many Americans say they still feel its effects. One in 3 people say they have yet to, or never will, recover financially from the 2007 recession, according to a new report from Country Financial.

During the early 1980s, when the economy was in a severe double-dip recession, the annual personal saving rate (effectively, income minus spending) averaged around 10%. But by the time of the 1990-91 recession, it had fallen to an average of 7%. However, that savings rate now seems quite high, given how far it fell over the next 15 years, or so.

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