Economic News That's Not (Too) Depressing!
I've started affectionately calling this era my No Depression Recession because I'm tired of feeling financially defeated all the time. Apparently, I'm not alone.
Last night, Discover card released the results of a new poll (PDF) taken last month that showed more Americans feel the economy is improving -- even though the majority still thinks tough times are still ahead.
In February, a record low of 8 percent of adults in the survey felt like things were getting better and 70 percent thought we were still headed down the tube. In March, those figures rose to 15 percent who were optimistic and 61 percent who were skeptical.
Of course, we're still cutting back our spending regardless. About 28 percent of consumers surveyed said they were spending less in March compared to 17 percent who were spending more. (Who are you people and can you adopt me?)
Where do you all stand? My friends and I constantly debate whether we've turned a corner or whether we're still on the expressway to economic calamity. Thoughts?
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