Americans Following the Stock Market Story, but don't see major impact...
Only 16% see a Recession in Next 12 months
A Rasmussen Research survey found that 85% of American adults saw or read news stories about the stock market's spectacular downward turn on Monday. However, only 5% say that the recent market volatility will have a major impact on their life. In fact, 63% said the market gyrations would have hardly any impact (33%), no impact (15%), or were not even aware of the Monday free fall (15%).
The survey also found that 16% expect a recession within the next 12 months. Fifty percent (50%) do not, while 34% are not sure. Twenty-five percent (25%) of black Americans expect a recession, while 33% do not. Among white Americans, 15% expect a recession and 53% do not. Upper income Americans tended to have somewhat more confidence in the economy.
Thirty-six percent (36%) of private sector employees said that the stock market volatility would have either a major impact or some impact upon their life. Among government employees, 26% anticipated a similar impact.
If, in fact, the stock market activity affects this many Americans, it will have a far bigger impact than the 1995 partial shutdowns of the federal government. In fact, it would be roughly comparable to the number of Americans impacted by the UPS strike earlier this year.
Rasmussen Research is a public opinion polling firm that conducts independent surveys on events in the news and other topics. The survey of 1,000 adults was conducted October 28, 1997. The margin of sampling error is +/- 3 percentage points.
Source:
portraitofamerica.com
- Jeff |
