Pretty Simple. Really.
Hmmm….
Do you think this –
“U.S. Economic Confidence Sinks to Lowest Level Since March ’09″
Weekly economic confidence falls to -41 in the week ending July 17
PRINCETON, NJ — Americans’ economic confidence plunged last week to its lowest weekly level since March 2009. Gallup’s Economic Confidence Index fell to -41 in the week ending July 17 — down from -34 the prior week and -31 during the same week a year ago.
U.S. economic confidence has been running below 2010 levels during most of June and July. But the recent plunge sent this year’s economic confidence down even further — back to the recessionary levels of early 2009. Gallup’s Economic Confidence Index combines two measures: one assessing Americans’ views about whether the U.S. economy is “getting better” or “getting worse,” and the second involving Americans’ ratings of current economic conditions as “excellent,” “good,” “only fair,” or “poor.” The “getting better” ratings fell and the “getting worse” ratings rose in the week ending July 17 to levels not seen since March 2009. –
might have something to do with this [italics mine] –
“Lack of Money Tops List of Americans’ Financial Worries”
WASHINGTON, D.C. — Basic lack of money remains Americans’ foremost financial concern. Even in the current job climate, 17% of Americans say the most important financial problem their family faces today is a lack of money compared with 9% who say it is unemployment or the loss of a job. The cost of healthcare takes second place as 12% say it is the most important financial problem for their family.
These findings are based on a July 7-10 Gallup poll asking the American public to name the most pressing financial problems facing their family today. Americans’ top five concerns combined represent well over half of all financial concerns mentioned. Remarkably, these top five issues have remained virtually unchanged over the last two years.
It’s pretty simple, really: without enough to get by on, it’s hard for anybody to feel confident about the future. Why don’t those highly paid “experts” understand that?
Read more at Financial Armageddon
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