Tags: Recession Worse 30 Years Lost 20% Wealth Pew Poll Blacks Hispanics Most Optimistic Republicans Least
Recession Worse Off Democrats More Optimistic Economy than Republicans
Rather than rely on the corporate polls whose main purpose is to both exaggerate bad news for President Obama and influence polices beneficial to corporations. The poll by Pew http://people-press.org/ from a non-profit foundation supported organization gives polls which are more complete and give a balanced view of what people think instead of asking only a few questions corporate polls influence us by both what they ask and the sequence and intonation they use to ask them. Also many times they skip cells phones because they are more expensive to call because younger Americans have cells phones as their only phone and increasingly all Americans, especially those who use smart phones.
Obama is providing money to expand coverage of cell phones so at some point we do not have to go to consumer unfriendly Verizon which I now have. I may or may not get the i-phone when Verizon gets it, my contract will have expired.
... While nearly all Americans have been hurt in one way or another, some groups have suffered more than others. Blacks and Hispanics have borne a disproportionate share of both the job losses and the housing foreclosures. Young adults have taken the biggest losses on the job front. Middle-aged adults have gotten the worst of the downturn in house values, household finances and retirement accounts. Men have lost many more jobs than women. And across most indicators, those with a high school diploma or less education have been hit harder than those with a college degree or more.
Whether by choice or necessity, many Americans have already significantly scaled back their pre-recession borrow-and-spend habits. According to government data, household spending has gone down, savings rates have gone up, consumer credit has remained stable and mortgage debt has plunged during this recession. ...
The survey finds that the public is starting to see some light at the end of the tunnel. More than six-in-ten survey respondents (62%) say they expect their personal financial situation to improve in the coming year—the most optimistic reading on this question since before the recession began. Likewise, about six-in-ten (61%) say they believe the damage the recession has inflicted on the U.S. economy will prove to be temporary rather than permanent. ... http://pewsocialtrends.org/pubs/759/how-the-great-recession-has-changed-life-in-america#sdfootnote2sym
How the Great Recession Has Changed Life in America
A Balance Sheet at 30 Months
BY WENDY WANG AND RICH MORIN, PEW RESEARCH CENTER
Of the 13 recessions that the American public has endured since the Great Depression of 1929-33, none has presented a more punishing combination of length, breadth and depth than this one. ...
Rather than rely on the corporate polls whose main purpose is to both exaggerate bad news for President Obama and influence polices beneficial to corporations. The poll by Pew http://people-press.org/ from a non-profit foundation supported organization gives polls which are more complete and give a balanced view of what people think instead of asking only a few questions corporate polls influence us by both what they ask and the sequence and intonation they use to ask them. Also many times they skip cells phones because they are more expensive to call because younger Americans have cells phones as their only phone and increasingly all Americans, especially those who use smart phones.
Obama is providing money to expand coverage of cell phones so at some point we do not have to go to consumer unfriendly Verizon which I now have. I may or may not get the i-phone when Verizon gets it, my contract will have expired.
... While nearly all Americans have been hurt in one way or another, some groups have suffered more than others. Blacks and Hispanics have borne a disproportionate share of both the job losses and the housing foreclosures. Young adults have taken the biggest losses on the job front. Middle-aged adults have gotten the worst of the downturn in house values, household finances and retirement accounts. Men have lost many more jobs than women. And across most indicators, those with a high school diploma or less education have been hit harder than those with a college degree or more.
Whether by choice or necessity, many Americans have already significantly scaled back their pre-recession borrow-and-spend habits. According to government data, household spending has gone down, savings rates have gone up, consumer credit has remained stable and mortgage debt has plunged during this recession. ...
The survey finds that the public is starting to see some light at the end of the tunnel. More than six-in-ten survey respondents (62%) say they expect their personal financial situation to improve in the coming year—the most optimistic reading on this question since before the recession began. Likewise, about six-in-ten (61%) say they believe the damage the recession has inflicted on the U.S. economy will prove to be temporary rather than permanent. ...
Jim Kawakami, June 30, 2010, http://jimboguy.blogspot.com
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