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 futureclose 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 ...
compression fracture t 12 vertebrae
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”.
“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.
Well, too many threw out the protestant work ethic.
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.
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