One-Fifth of Workers Do Not Expect to Benefit from Economic Recovery
A new labor market analysis from research company GfK suggests that, while almost half of American adults expect the economy to continue to improve over the next year, over one-fifth of them do not expect to benefit from the increase economic prosperity. Of this group of economic pessimists, 76 percent are of working age with 34 percent within the 30 to 49 year old sector.
The group is aware of the inflationary pressures in the economy and 68 percent expect consumer prices to increase over the next 12 months. In addition to the 49 percent of Americans who expect the economy to get better, the survey found that 24 percent expect the economy to remain the same and 15 percent foresee it getting worse. GfK also feels the survey results are a good indication of where the presidential debates should focus when discussing domestic policy issues:
“The town hall format of the second debate is the perfect forum for the presidential candidates to speak to what their policies will mean for Americans’ personal finances,” said Christopher Fleury, Vice President of GfK Public Affairs Corporate Communications. “Voters want to see that the candidates ‘get it’ that an improving economy overall needs to improve the financial well-being of individual Americans, too.”