Americans Expect 1930s-Style Depression
Posted Mar 12, 2009 at 8:32 AM by Maurice Berger
When it comes to the economy, Americans are decidedly pessimistic. According to a new Rasmussen Reports survey, 53% now think the United States is at least somewhat likely to enter a 1930’s-like depression within the next few years; 39% think it's unlikely. 19% say a Depression is Very Likely, 7% say it is not at all likely. The latest results are more pessimistic than those found in early January, notes Rasmussen, "when 44% said a 1930’s-like depression was likely in the next few years, and 46% disagreed." Pessimistic or otherwise, Americans also expect "the U.S. economy will be stronger in five years than it is today, but most also expect very little to change in the next 12 months."
