Recession Near or Already Here?
More than three in four Americans believe the U.S. economy is already in a recession, or will be sometime in 2008. That's according to a comprehensive poll commissioned recently by Fortune Magazine.
Only 19 percent of 1,000 Americans surveyed believe the nation will avoid a recession, while 57 percent believe there will be a downturn this year. Another 19 percent believe the nation is already in a recession.
What's worse for the economic outlook, just about half of those surveyed say they've cut back their spending compared to last year.
These results indicate a far gloomier outlook than economists anticipated.
How worried are you? Post a comment below. We'd love to hear your take on the economy. Don't worry, your contact information will never be posted on this blog.
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How to Save More Money
You know you made yourself a promise to to do better both physically and financially this year. Who doesn't?
If you're trying to figure out how to save enough money for that down payment on a home, maybe these tips will help get you started.
As always, if you have questions or comments about this video, please post it below using the comment link.
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