7/9: Most NYS Voters Expect Economic Recovery to Take Time

July 9, 2009 by  
Filed under Featured, Money, Money Vault, State of the Economy

Is New York State’s economic recovery imminent?  Three-quarters of registered voters statewide aren’t holding their breath.  That’s the proportion who believe the current economic crisis will last more than a year while only 4% say it will last less than 6 months.  21% think it will endure between 6 months and a year.

©istockphoto.com/zorani

©istockphoto.com/zorani

Most members of the electorate are also pessimistic about the current state of the economy.  Just 8% of those polled believe the state’s economy is getting better right now.  This compares with 46% who believe the economy is getting worse and 46% who think the economy is staying about the same.

Age makes a difference.  Nearly half of voters 45 years of age and older believe the economy is still going to get worse compared with a majority of younger voters who think things have leveled off.



Table: How Long Will Economic Crisis Last?
Table: New York State Economy

Getting Personal…Family Finances in the Coming Year

A majority of New York registered voters — 55% — think their personal family finances will stay about the same in the coming year.  This compares with 20% who believe their finances will get better and 25% who think their circumstances will worsen.

Although a majority statewide thinks their families’ money matters will stay the same, income plays a role.  About three in ten residents who earn less than $50,000 annually think their financial picture will get worse in the coming year.  This compares with 27% of voters with a household income of at least $50,000 but less than $100,000 and 18% of households with an annual income of $100,000 or more who are worried their family finances will decline in the coming year.

Table: Family Finances in Coming Year

Marist Poll Methodology

Related Stories:

7/9: 77% of NYS Voters Know Someone Who’s Lost Job

Comments

One Response to “7/9: Most NYS Voters Expect Economic Recovery to Take Time”

  1. christine on August 22nd, 2009 1:10 pm

    I wouldn’t hold my breath either. You can’t fix something that took 4 years to break overnight…

Feel free to leave a comment...
and oh, if you want a pic to show with your comment, go get a gravatar!