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Six in 10 U.S. consumers see
recession - survey
Brad Dorfman
Reuters
Wednesday November 7, 2007
Six in 10 U.S. consumers say a recession is likely in the next
three to six months, according to a survey on holiday spending
released on Wednesday.
In a telephone survey by America's Research Group, 45.7 percent
of 1,000 respondents said a recession was "somewhat likely,"
and 14.3 percent said it was "very likely." Forty percent
said a recession was "not likely."
The interviews were conducted Nov. 1-4. The error factor is plus
or minus 4.3 percent.
(Article continues below)
Recession fears ahead of the holiday shopping season have been
kindled by concerns about jobs and the U.S. housing meltdown.
The survey found the number of consumers who feel worse off financially
this Christmas season has risen to almost one-third of all Americans,
up from 18.5 percent last year.
Still, even with questions about the strength of the economy,
the wealthy seem intent on spending for the holidays, no matter
what.
Full
article here.
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INFOWARS:
BECAUSE THERE'S A WAR ON FOR YOUR MIND
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