Friday, November 29, 2013

New CNN Poll Tells Us Most Are Pessimistic About Economy

CNN Poll: More Americans Pessimistic About State of Nation

Image: CNN Poll: More Americans Pessimistic About State of Nation
Friday, 29 Nov 2013 08:23 AM
By Sandy Fitzgerald
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Americans are becoming even more pessimistic about the state of the nation, according to a new CNN/ORC International poll released Friday, with more than half saying conditions are going badly.

The survey, conducted on Nov. 18-20 of 843 adults, showed that 41 percent believe conditions are going well, marking the lowest that number has been in a CNN poll since February 2012.

Meanwhile, 59 percent say things are going badly, a number up nine points since the last poll in April. The opinions were along a partisan divide, as well as a difference of opinion between younger and older people.
"There's a slight generational divide, with 46 percent of those under age 50 saying things are going well. That number drops to 36 percent for those 50 and older," said CNN Polling Director Keating Holland.
Americans are also pessimistic about the economy, the poll showed. Thirty-nine percent believe the economy is still declining, and just 24 percent believed a recovery is occurring. Meanwhile, 36 percent said they do not believe there is a recovery going on, but still think conditions are becoming stable.
The numbers were similar to those from a CNN/ORC International survey in October, when 59 percent predicted poor economic conditions a year from now, while 40 percent said the economy would be in good shape next year, marking the lowest level of optimism from the public in two years.
Partisan and geographic divides also came into play when it came to the economy. Forty-five percent of people who are 50 or older say the economy remains in a downturn, but 34 percent of people younger than 50 said the economy is declining.
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