Wednesday, September 18, 2013

Slow collapse thinking

Hmmm....I guess people are a little smarter than the cheerleading newspapers.

Five Years after Market Crash, U.S. Economy Seen as ‘No More Secure’
Pew Research 12 September 2013 (hat tip: NC)
Five years after the U.S. economy faced its most serious crisis since the Great Depression, a majority of Americans (63%) say the nation’s economic system is no more secure today than it was before the 2008 market crash. Just a third (33%) think the system is more secure now than it was then. 
Large percentages say household incomes and jobs still have yet to recover from the economic recession. And when asked about the impact of government efforts to deal with the recession, far more believe that economic policies have benefitted large banks, corporations and the rich than the middle-class, the poor or small businesses.
The latest national survey by the Pew Research Center, conducted September 4-8 among 1,506 adults, finds that 54% say household incomes have “hardly recovered at all” from the recession. Nearly as many (52%) say the job situation has barely recovered.
Appears that a lot folks think that zombie apocalypses are fun, but the slow collapse that we have been living in, is....not so much.


PioneerPreppy said...

With household incomes down so far how could anyone think the numbers would be any other way?

russell1200 said...

Pioneer: The financial markets are making money - that seems to be the main criteria.

Spud said...

If ya can't handle this slow collapse when you still have resources coming in. Then how the hell are you going to survive a sudden collapse when ZERO resources are available ?

russell1200 said...

Spud: A good point. Shrinkage is the obvious answer, but what form it takes is less so.