Americans Expecting the Worst

Posted by Ann on January 21, 2008

Recently, a comprehensive poll by Fortune Magazine found that, “More than three in four Americans believe the U.S. economy is already in a recession, or will be sometime in 2008.” As a result, almost half of those surveyed said they’ve cut back on their spending since last year, which can worsen an already sharp downturn in the economy. More than 55% surveyed cited the high price of gasoline as the culprit, while almost 50% said sending work overseas has made a huge negative impact. 

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Categories: Finance
21Jan

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