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More Americans Think Economy Will Never Recover
CNBC ^ | 06/03/11 | Christina Cheddar Berk

Posted on 06/04/2011 8:09:55 AM PDT by TigerLikesRooster

More Americans Think Economy Will Never Recover

Published: Friday, 3 Jun 2011 | 1:26 PM ET

By: Christina Cheddar Berk

The mixed signals regarding the economy's health are taking a toll.

About 10 percent of Americans say they never expect their spending to return to pre-recession levels.

Americans are growing increasingly doubtful about direction of the US economy, according to the latest survey from business-advisory firm AlixPartners.

In fact, an increasing number, some 61 percent, say they don't expect to return to their respective pre-recession lifestyles until the spring of 2014, if ever.

What's worse, a full 10 percent said they expect they will never return to pre-recession spending.

That's a more pessimistic view than last year, when those surveyed expected that they could be back to pre-recession spending levels by the middle of 2013.

"Americans continue to push their expectations for return to a pre-recession 'normal' further and further into the future—close enough for comfort, but far enough away to seem realistic," said Fred Crawford, CEO of AlixPartners. "But as that happens, more and more it seems normal is actually where we are right now."

(Excerpt) Read more at cnbc.com ...


TOPICS: Business/Economy; News/Current Events
KEYWORDS: default; economy; galt; qe; strike
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To: asinclair

compression fracture t 12 vertebrae


41 posted on 06/04/2011 1:33:25 PM PDT by television is just wrong
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To: TigerLikesRooster

WOW, in the MSM and not an “unexpectedly” in sight.

Pubbies need to start rolling out their Economic Growth Plans.

Drill ANWAR, cut regulations, whatever it’s gonna take. And MAKE THE CASE FOR WHY YOUR PLAN WILL WORK.

This will leave Odumbo hemming and hawing and mumbling “fairness”.


42 posted on 06/04/2011 1:39:25 PM PDT by jocon307
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To: Logical me

“Complacency has ruined this Country.”

100% correct! I might borrow your line, it is succinct and has the advantage of alliteration. I hope you won’t mind.


43 posted on 06/04/2011 1:41:28 PM PDT by jocon307
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To: CodeToad

Well, too many threw out the protestant work ethic.


44 posted on 06/04/2011 1:49:09 PM PDT by Lumper20
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To: TigerLikesRooster

I’ve given up on retirement (outside of a miracle), as that’s either going to be financially impossible or illegal when I get to that point, and I’m constantly prepping for the day the dollar becomes worthless. I sincerely hope the economy recovers, but I don’t see it happening in my lifetime.


45 posted on 06/05/2011 4:16:50 PM PDT by RWB Patriot ("My ability is a value that must be purchased and I don't recognize anyone's need as a claim on me.")
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