Couple BillsWhen it comes to the the state of their family finances, Americans seem to be moving toward the "acceptance" stage. Some of us think our own household scenarios will get better in the coming year, some of us dread things getting worse, but mostly, we expect more of the same. Managing expectations is a useful life skill, and it appears to play a role in how well we weather economic downturns.

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.

In the next 12 months, what do you expect for your family's finances?
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.

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talesofthegr

I'm starting a podcast along these same lines called Tales of the Great Recession to share peoples stories of long term joblessness, from the struggle of a long search to the joy of finding a job, and what you learned in-between. Please send your stories to talesofthegr@aol.com. The first podcast will be available free through itunes on 7/22, and I plan on doing it as a weekly podcast for as long as the stories keep coming in.

July 16 2011 at 12:57 AM Report abuse rate up rate down Reply
marine1942

We will see another Bill Clinton comment on this Monday. Guy cannot be quiet and must get paid by Obama for pushiing his policies. Obama is in big trouble and is advertising on MTV and Teen Mag. for his voters.

July 09 2011 at 4:34 PM Report abuse -1 rate up rate down Reply
aworld520

NOT UNTILL WE GET RID OF OBOMAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA.

July 08 2011 at 4:14 PM Report abuse +2 rate up rate down Reply
pete

Gas is up, groceries are up, haven't had a raise in 3 years, fill my car only once a month and drive to a park area 6 miles from work and walk the rest of the way. Don't know how much longer I can keep that up at my age. Hope none of the kids gets sick.

Yeah, I pretty much expect next year will be the fourth consecutive year that life has been worse.

July 08 2011 at 11:32 AM Report abuse +4 rate up rate down Reply
Johnny Fruckles

will i be better off next year? not if obama is still president.

July 08 2011 at 10:37 AM Report abuse +3 rate up rate down Reply
1 reply to Johnny Fruckles's comment
Josh

Bush got us into this or did you forget

July 08 2011 at 12:08 PM Report abuse -6 rate up rate down Reply
2 replies to Josh's comment
Nick

How long are you going to Blame Bush? I suppose Clinton had nothing to do with this?

July 08 2011 at 12:16 PM Report abuse +3 rate up rate down
bggdg

So much for "hope and change" LOL!

July 10 2011 at 6:33 PM Report abuse +1 rate up rate down
rrarizona

The Rasmussen Reports daily Presidential Tracking Poll for Friday shows that 23% of the nation's voters Strongly Approve of the way that Barack Obama is performing his role as president. Forty-one percent (41%) Strongly Disapprove, giving Obama a Presidential Approval Index rating of -18

Pretty much says it all.

July 08 2011 at 10:37 AM Report abuse +7 rate up rate down Reply
2 replies to rrarizona's comment
rdm443

change you can believe in. lol

July 08 2011 at 10:47 AM Report abuse rate up rate down Reply
BellaMoonGlow

Thats a lie.

July 08 2011 at 11:19 AM Report abuse +2 rate up rate down Reply
LEE Resolution

The 'housing crisis' grew out of the so called affordable housing myth, which began some years ago (fostered by messers Dodd, Frank, and promoted by Fannie and Freddy). The Bush administration alerted congress as to this problem, and further warned publicly the American people. There was no 'affordable' housing crisis.

the 110th congress stepped in, got the political ball rolling and suddenly there was a public (and popular), crisis. Fannie and Freddie began threatening banks to either go along or face sanctions (branch banking, among others). What we are enduring now is the result of that meddling into the private sector. It will take decades to straighten out, if then.

July 08 2011 at 10:34 AM Report abuse +4 rate up rate down Reply
2 replies to LEE Resolution's comment
BellaMoonGlow

http://www.youtube.com/watch?v=kNqQx7sjoS8&feature=related

GWBush on the American Dream to own a home. His plan....USE TAX PAYER MONEY to give to Americans who can't afford a Down Payment.

July 08 2011 at 11:13 AM Report abuse rate up rate down Reply
bggdg

Now that housing prices have declined 30%, the Foggy Bottom goons desperately seek to find a scapegoat for creating the outcome they previously sought to create.

July 10 2011 at 6:36 PM Report abuse rate up rate down Reply
BellaMoonGlow

America's BIGGEST enemy ...the REPUBLICAN PARTY! Orrin Hatch...a Republicans said the "POOR" should be paying the deficit down. Yep..that's what that evil SOB said. You see the Republican Party worship money. And if you dont have a lot of it they have no respect for you. You are not a human being intheir rheumy clouded eyes. You are a worthless peice of dung if you are less than rich.

July 08 2011 at 10:32 AM Report abuse -2 rate up rate down Reply
2 replies to BellaMoonGlow's comment
LEE Resolution

that's spelled piece p i e c e, not peice.

not only uninformed, but typical of a far left net kook, ignorant.

July 08 2011 at 10:36 AM Report abuse -2 rate up rate down Reply
2 replies to LEE Resolution's comment
BellaMoonGlow

I think you are the one uniformed.

http://www.youtube.com/watch?v=kNqQx7sjoS8&feature=related

July 08 2011 at 11:14 AM Report abuse +1 rate up rate down
Josh

Republicans hate the trurh

July 08 2011 at 12:12 PM Report abuse -1 rate up rate down
billcarol88

You are only as useless as you want to be. I do not have lots of money and believe me I do not consider myself useless. Bella sounds to me like you are feeling sorry for yourself. Go out and get yourself a job and maybe you will get some self respect. No one but yourself can make you worthless.

July 08 2011 at 10:52 AM Report abuse rate up rate down Reply
1 reply to billcarol88's comment
BellaMoonGlow

The only thing Useless in America is the Republican Party and the lying Fox Propaganda Machine.

July 08 2011 at 11:15 AM Report abuse -1 rate up rate down
BellaMoonGlow

I clicked on this website so I could take a peek at all the RW Liars blaming Obama for the mess they created. And Lo and behold....what do I see first thing??? America's enemy the Republicans out slavering their RW hatred for Obama simply because he beat their Evil asses.

July 08 2011 at 10:29 AM Report abuse rate up rate down Reply
defelicep

Think of every Obama policy, regulation, mandate, etc., as a brick and he has built a brick wall around the economy. He is totally anti business and views the rich as villains. Cutting taxes won't help but raising them is another brick in the wall. Everything Obama has done has to be undone and then and only then will we see job growth. But as long as he is President, I have my money on a stagnant economy and more difficult times.

July 08 2011 at 10:26 AM Report abuse +5 rate up rate down Reply
1 reply to defelicep's comment
BellaMoonGlow

I have Problems with Obama...He's ruled very much like Bush and that's the problem.

July 08 2011 at 11:15 AM Report abuse rate up rate down Reply
1 reply to BellaMoonGlow's comment
bggdg

As the saying goes, "Bush spent like a drunken sailor, while Obama is an embarrassment to drunken sailors everywhere".

July 10 2011 at 6:37 PM Report abuse rate up rate down