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Most Americans Think We’re Headed For Another Great Depression

by @ 4:49 pm on March 10, 2009. Filed under Credit Crisis, Economics, Politics

From Rasmussen Reports comes yet more confirmation of the sorry state of economic confidence:

Most Americans (53%) now think the United States is at least somewhat likely to enter a 1930’s-like depression within the next few years.

The latest Rasmussen Reports national telephone survey found that 39% think this outcome is unlikely.

Nineteen percent (19%) say a Depression is Very Likely while 7% say it is not at all likely.

(…)

Adults in their 30’s are the most worried, with 62% who say it is likely the nation will slip into a deep depression. Less than half (47%) of those Americans over 65 think the country will slip into a 1930’s-like depression.

Fifty-four percent (54%) of investors and 53% of non-investors say it is likely the country will slip into a serious depression. Forty-one percent (41%) of investors disagree, along with 38% of non-investors.

Once could say that this is a sign that the public is panicking, perhaps needlessly, and that may well be true.

However, the state of the economy depends as much on people’s mood as it does on economic fundamentals and these sorts of things have a way of being self-fulfilling.

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One Response to “Most Americans Think We’re Headed For Another Great Depression”

  1. [...] terrible retail numbers that spelled Great Recession and had over 50% of the nation saying we were headed for Depresseion? Not so bad after all!. Pssssst: Retail sales were up in January, too, but that didn’t get [...]

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