What They Told Us: Reviewing Last Week’s Key Polls - Week Ending March 8, 2013
Despite record stock market gains and a slightly improved jobs picture this week, Americans still express a lot of uncertainty about the economy and the future in general.
Like long-term economic confidence a month ago, short-term confidence in the U.S. economy is now at a new low. Just 25% of Americans think the economy will be stronger a year from today.
At week’s end, just 14% of consumers rated the U.S. economy as good or excellent, while 46% deemed it poor. Among investors, 18% scored the economy as good or excellent. Forty percent (40%) rated it poor.
Americans don’t have much hope for the stock and housing markets either. Only 20% think the stock market will be higher a year from now. Most (54%) still believe it will take more than three years for the housing industry to fully recover from the downturn that began in 2008.