It seems that every day we hear about a stronger economy with real jobs, a recovered housing market and renewed manufacturing strength being just ahead.
We hear about it. We just don’t see it.
The economy’s been growing for four years now, yet its growth has been so stunted, most of the country still thinks we’re in a recession. The McClatchy-Marist Poll this week found that 54% of adult Americans think the U.S. in still in a recession, while only 38% think it’s not.
In an economy with a 7.6% unemployment rate (but really more than 14%), any sign of improvement is good news, so we can be thankful that the number of people who think we’re still in a recession is down from 63% in March and 75% in 2011.
Only 29% of those surveyed think their family finances will improve in the coming year, while 19% think they will worsen. More than half think they will remain the same.
Lee M. Miringoff, Director of The Marist College Institute for Public Opinion, treats the poll results as good news and notes that “President Obama plans to refocus his second term agenda on the economy.”
Well, that should save the day. Except that a separate poll finds that Americans have little faith in their political leaders.