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| CNN survey: Americans confident in 2009 turnaround |
| 2008-03-23 |
| Phew! I'm human, it seems. Though times are tough now, Americans believe the economy will bounce back by next year, according to a survey released Friday. A national CNN/Opinion Research Corp. poll found that 60% of respondents think economic conditions in the United States will be "good" next year, as opposed to the 75% who think the economic situation is "poor" now. "Most people realize that the economy has cycles of ups and downs," said Wachovia economist Sam Bullard. "Fortunately, the last two recessions were some of the shortest on record, so in 2009 we should be pulling up out of this." Of the more than 1,000 American adults surveyed in the poll, conducted March 14-16, 83% said they are "confident" that they will be able to maintain their standards of living next year, and 85% are "confident" they will keep their jobs over the next six months. Americans also showed faith that they would be able to pay off their future debts, with 90% of respondents demonstrating confidence they would be able to meet their monthly mortgage payments for the duration of the mortgage. But Americans are less optimistic about their long-term financial situation. Only 23% felt "very confident" about paying for their children to attend their choice of college. Furthermore, only 29% said they were "very confident" about saving enough money to live comfortably when they retire, and just 44% believe they will be able to retire when they want to. According to the poll, 58% want to retire sometime in their 60s. |
| Posted by:trailing wife |
| #3 Probably a mistake by a low-level now-unemployed CNN staffer Fixed that for ya', Steve |
| Posted by: Barbara Skolaut 2008-03-23 12:03 |
| #2 Probably a mistake by a low-level CNN staffer who meant to throw the story in the kill pile. |
| Posted by: SteveS 2008-03-23 11:40 |
| #1 And it must have killed the Communist News Network to report this.... |
| Posted by: Barbara Skolaut 2008-03-23 01:02 |