Poll: Personal Finances A Mixed Bag
In the wake of the recession, many consumers are dealing with fixing their financial situations for various reasons including credit card debt. A new poll suggests Americans would like government intervention in promoting economic mobility.
The poll, by Pew Charitable Trusts, found more than 80 percent of Americans are interested in the government taking a more active role in helping citizens increase their economic standing.
"Americans are looking to policy makers to support their efforts to get ahead," said Erin Currier,
project manager for Pew’s Economic Mobility Project. "Even in the wake of the Great
Recession, there is a strong belief that people can work hard and be successful, no matter their
starting point, and their optimism remains strong."
Nearly 70 percent of citizens think they will reach the American Dream, or already have. An additional 85 percent also think being financially stable is more important than actually moving up the income ladder, as well.
The state of citizens' current financial situation was a bit more negative. A total of 32 percent of those polled think their standing is good or better. This is nearly 10 points worse than last year's findings, and more than 20 points worse than 2007 - when the recession first began.
A recent poll found that more than one-third of low-income famili... Read more
The number of Americans with a positive outlook on their financia... Read more
Consumers have been making great strides in recent months to cut ... Read more
A recent poll indicates consumers are less concerned about paying... Read more
A recent poll found younger Americans lag behind their older coun... Read more
New government regulations in place for consumers in need of debt relief for credit cards and other unsecured debts.