People Are More Pessimistic About The Economy Now Than At Any Point In The Past 8 Years
Brett LoGiurato|21 minutes ago|36| Americans are more pessimistic about the immediate future of the economy now than at any point in the past eight years, according to a new poll from the Pew Research Center.
Only 25 percent of respondents said that they expected the economy to get better within the next year, according to the poll. On the other hand, 32 percent said they expected things to get worse over the next year. That's a big shift from last year, when Pew found that 44 percent of respondents were optimistic about the next year and just 14 percent were pessimistic.
Forty-one percent said they thought the economy would remain the same over the next year.
Here's a chart looking at the trend:
Pew Research Center
As a result, President Barack Obama's job approval took a significant hit from February and sank down to 47 percent. Overall, his approval rating has fallen 8 points from a high of 55 percent in December.
Read more:
http://www.businessinsider.com/poll-economy-obama-pessimistic-2013-3#ixzz2OCs4pf94
