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Uneasy about the future
March 1, 2011 - Steve Murch
A new Zogby Interactive poll finds that less than 30 percent of voters with children believe their offspring will have a better life than them, and 25 percent do not feel secure in their jobs.
“The February 22-24 survey finds that more than half of likely voters give U.S. economic policy poor grades, and majorities say neither government nor businesses have done enough to create jobs,” a Zogby press release states.” Compared to a poll done in October 2009 there is only one indicator of small improvement, as the percentage of voters saying their personal financial situations is fair increased and those describing it as poor decreased.”
It's really not that big of a surprise when you consider the economy has only really improved for some segments of the population and some sectors of the American economy. An Associated Press story in today's edition of The News stated that fewer Americans signed contracts to purchase a home in January.
The index of the National Association of Realtors shows that previously occupied homes fell 2.8 percent in January, the second straight monthly decline. On the plus side, the reading of 88.9 was higher than the 75.9 in June, which was the lowest point since the housing bust. A healthy level is consider 100, which shows we still have a way to go.
While the housing market isn't the only measuring tool for the economy, it certainly is a solid one — one that is “credited” with driving the economy into the tank. Unemployment is slowly recovering in general, you have to believe that because it hasn't come back quickly many people are concerned it might never come back completely.
A few positives from the Zogby poll: People seem to feel a little more secure in their jobs and feel somewhat better about their finances. The same can't be said about economic policy or whether government or business has done enough to create jobs. Those numbers are down — some significantly so — since Oct. 26, 2009.
The poll was done before the gas prices began their rapid rise. I wonder what the effects would be on the American psyche after that.
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