The majority of Americans still believe economic recovery is more than two years away, reveals a new Gallup poll.
According to the results, 67 percent believe it will be at least two years before the economy shows signs of a recovery. 46 percent believe it will be even longer and speculate it will take at least three years. The average response puts the predicted recovery date somewhere around 2014.
Annual household income also appears to impact consumers’ views of economic recovery. Gallup reported that households with an annual income of $90,000 or more appeared to be more optimistic about the date of recovery. Households with lower incomes seem to parallel the expectation of a later date: