More Americans Think Economy Will Never Recover

Posted: June 3, 2011 in US News

Christina Cheddar Berk
CNBC
June 3, 2011

The mixed signals regarding the economy’s health are taking a toll.

Americans are growing increasingly doubtful about direction of the US economy, according to the latest survey from business-advisory firm AlixPartners.

In fact, an increasing number, some 61 percent, say they don’t expect to return to their respective pre-recession lifestyles until the spring of 2014, if ever.

What’s worse, a full 10 percent said they expect they will never return to pre-recession spending.

That’s a more pessimistic view than last year, when those surveyed expected that they could be back to pre-recession spending levels by the middle of 2013.

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