Specifically, a new Marist Poll indicates 52% of Americans think their personal financial situation will stay they same in the coming year with 28% expecting to do better and 20% fearing they'll do worse. We're starting to get used to this recession/weak recovery thing. "Through all the ups and downs of the economy, Americans' expectations abut their personal finances have remained essentially unchanged," says Dr. Lee M. Miringoff, director of the Marist College Institute for Public Opinion.
|They'll get better.||89 (13.2%)|
|They'll stay about the same.||231 (34.2%)|
|They'll get worse.||355 (52.6%)|
I spoke with Mary E. Azzoli, media director for Marist, and she described the overall sentiment as "cautiously optimistic." It may actually be strikingly optimistic if you consider the finding that 75% of people believe we are currently in a recession, 20% think we're not and 5% say they don't know.
Overall, the vast majority of us think we're in a recession, but also believe growth in our own household will remain flat. The "above average effect" remains the American way.