Poll: 48% of Americans Say That Another Great Depression Is Likely to Occur in the Next Year
June 8th, 2011Via: CNN:
Forty-eight percent say that another Great Depression is likely to occur in the next year – the highest that figure has ever reached. The survey also indicates that just under half live in a household where someone has lost a job or are worried that unemployment may hit them in the near future. The poll was conducted starting Friday, when the Labor Department reported that the nation’s jobless rate edged up to 9.1 percent.
“The poll reminded respondents that during the Depression in the 1930s, roughly one in four workers were unemployed, banks failed, and millions of Americans were homeless or unable to feed their families,” says Holland. “And even with that reminder, nearly half said that another depression was likely in the next 12 months. That’s not just economic pessimism – that’s economic fatalism.”
According to the survey, more than eight in ten Americans say that the economy is in poor shape, a number that has stubbornly remained at that level since March.
