American’s Bleak Outlook Gets Bleaker
by Tom on December 2, 2008
in Market Musings
While an official recession was just announced yesterday, Americans have long felt the effects of a battered economy; and unfortunately, they don’t think the near future will be anything to write home about either, according to a HarrisInteractive study released Tuesday. The Harris Poll, a new study of 2,126 U.S. adults surveyed in November, shows that attitudes on the economy remain bleak……
……When the study’s participants were asked to project their financial situation six months from now, one-third said they believe their condition will worsen and 43 percent predicted it would remain the same. While almost one quarter of Americans are still hopeful their financial situation will improve over the next six months, it’s a far less optimistic crowd than in July, when 36 percent of participants believed things would get better.
American’s Bleak Outlook Gets Bleaker : HousingWire || financial news for the mortgage market.
A couple of thoughts about this report (and thanks to Paul Jackson for writing it up!)
1. It shouldn’t surprise anyone that the outlook is bleaker now than it was before.
2. 76% of the survey participants said that at best they expect their financial situation will be the same in 6 months. 33% said they expect it will get worse.
So that raises a question, actually two questions:
1. What are you doing to make sure you aren’t in the 33% where your financial situation worsens?
2. What can I and Straight Talk do to help you avoid that and actually improve your financial position in this market?
Let me know what you think….
