80% say economy getting worse – up from 66% in July – GALLUP

Gallup:

EXCERPTS:

Upper-income Americans’ economic confidence was badly shaken in August, with 80% saying the economy is “getting worse,” up from 66% in July. This is the first month since the financial crisis of late 2008 and early 2009 that upper-income Americans are more pessimistic about the future direction of the U.S. economy than other Americans.

Normally, upper-income Americans tend to be more optimistic about the future of the economy than those with lower incomes. Additionally, the percentage of upper-income Americans expressing concerns about the future direction of the economy is the highest it has been since February 2009.

Middle- and lower-income Americans’ outlook also deteriorated in August, with 77% saying the economy is “getting worse.” This is up from 71% in July and its highest level since February 2009.

More Upper-Income Americans Rating the Economy “Poor”

Fifty-four percent of upper-income Americans rate current economic conditions “poor” in August, up from 42% in July. This is the highest percentage providing this rating since March 2009.

FULL ARTICLE

Help Make A Difference By Sharing These Articles On Facebook, Twitter And Elsewhere:

• 
• 
• 
• 
• 
• 
• 
• 
• 
• 
• 
• 
• 
• 
• 
•