A recent poll conducted by Gallup and USA Today indicates that 56 percent of Americans say their financial situation has been damaged by the financial crisis of the last two weeks.
A further 20 percent say they have been harmed a great deal. Looking to an uncertain future, some 69 percent of respondents say their finances will be harmed in the long run.
Emotions also seem to be on edge: 53 percent say they're angry, and 40 percent say they're afraid.
Opinions were also mixed on the merits of the federal financial bail-out plan, although most respondents agreed the government needs to do something.
Without an action, 34 percent said the country would go into a severe, prolonged recession; 22 percent said they believed a depression would follow.
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
