Survey: Americans’ pessimism on economy has grown

Survey: Americans’ pessimism on economy has grown

CONSUMER CONFIDENCE: Seventy-one percent of Americans surveyed say the recession put a permanent drag on the economy. Photo: Associated Press

WASHINGTON (AP) — Despite many signs of a business recovery including improved hiring, Americans are more worried about the economy than they were right after the Great Recession.

A survey released by researchers at Rutgers University says that this pessimism exists despite record Wall Street gains and a host of upbeat economic indicators.

Seventy-one percent of Americans surveyed say the recession put a permanent drag on the economy. In contrast, Rutgers researchers found in a similar survey in November 2009 that only 49 percent thought the downturn would have lasting damage.

That earlier 2009 survey was conducted five months after the recession officially ended.

And when the 2009 survey was undertaken, national joblessness was at 9.9 percent of the labor force, compared to the current 6.2 percent.

The survey says people’s confidence in the economy has been eroded by the slow pace of improvement during the recovery.

Latest Headlines

in Local

Lawyer for Lac Megantic Victims to Sue Canadian Railroad

Photo Courtesy Associated Press

A lawyer for 41 of the 47 people killed in Canada when an oil train derailed says he's going to sue a Canadian railroad that declined to participate in the settlement fund.

in Local

Biologists: Invasive Plant at Maine, New Hampshire Border


Biologists in Maine and New Hampshire say they have confirmed discovery of an invasive plant in a body of water on the border of the two states.

in Local

Maine Has Fewest Residents on Food Stamps Since 2009


Maine health and human services officials say the number of state residents enrolled in the food stamps program has dropped below 200,000 for the first time in more than six years.

in Local

Memorial Service to be Held for Crew Member Aboard El Faro

el faro

A memorial service is being held for a Maine man who was a crew member on a cargo ship that sank in Hurricane Joaquin.

in Local

Police: Portland Man Arrested After Armed Bank Robbery

Portland Police Station

Police say a Portland man armed with a handgun robbed a bank_ the latest in a rash of eight bank robberies in the city since May.


  • 2h
  • 2h
  • 2h
  • 5h
  • 7h
  • 7h
  • 7h