41% of People Say American Dream Is Lost; 63% Say Economy Getting Worse

Posted: November 15, 2011 in Economic Crisis, US News

Aaron Task
Daily Ticker
November 15, 2011

A new survey by Yahoo! Finance shows Americans have a disturbing lack of hope and a frightening lack of retirement planning.

Among the highlights of the poll:

— 41% of Americans say the ‘American Dream’ has been lost.

— 37% of adults have NO retirement savings and 38% plan to live off Social Security.

— 63% of Americans believe the economy is getting worse, including 72% of those over the age of 55.

These findings are consistent with broader trends The Daily Ticker has reported on in the past year: Despite macro data showing the economy has technically recovered from the ‘Great Recession’, the majority of Americans just aren’t feeling it. Considering 49 million Americans are living in poverty, the “real” unemployment rate is 16% and millions of Americans are facing foreclosure, it’s no wonder many believe the recession never ended.

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