Survey: We're Pessimistic about Economy — At Least Ours, for Now

Publication: The Modesto Bee

Author: Mark S. Vasché

05/22/2011 - Jobs are still being lost, and many of those that remain have been cut in hours or pay or both. Homes are still being foreclosed, residents evicted and more and more streets dotted with empty houses. The cost of almost everything, from coffee to clothes to college, is going up. Businesses are struggling, savings and reserves are being depleted, and bankruptcies are on the rise. Publicly funded services, from cops on the street to teachers in the classroom, are being reduced.

So how are you feeling these days?

If you're like most Americans, not too good.

Two years ago I wrote about a nationwide survey by the Pew Charitable Trusts showing that despite the worst economic downturn since the Great Depression, we Americans were pretty optimistic about our ability to get ahead financially.

Today, according to Pew's latest survey, we're more pessimistic — not only about our own financial situations but about our children's as well. And, if that's true of Americans in general, it's probably even more so here in the San Joaquin Valley, where we've yet to see signs of the economic recovery that is showing up in other parts of the country.

Read the full article Survey: We're Pessimistic about Economy — At Least Ours, for Now on The Modesto Bee's Web site.

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