Tuesday, July 12, 2011

Nearly two-thirds of Americans sense double-dip recession

"Roughly 63% of middle-class Americans surveyed by a consumer psychology consulting firm believe the U.S. economy slipped into a double-dip recession, up from 50% one year ago.

First Command Financial Services commissioned Sentient Decision Science to survey roughly 1,000 U.S. consumers between the ages of 25 to 70 with annual household incomes of at least $50,000 for the quarterly First Command Financial Behaviors index.

Three-quarters of those consumers who believe a double-dip recession is underway believe it will be more than one year before the economy begins to recover. One in five consumers said it would be take more than three years..."

at http://www.housingwire.com/2011/07/12/nearly-two-thirds-of-americans-sense-double-dip-recession?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+housingwire%2FuOVI+%28HousingWire%29

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