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July 26, 2010 at 08:00 PM
Americans are telling pollsters that they believe the U.S. economy and their personal financial situations may have bottomed out.
A unit of MetLife Inc., New York (NYSE:MET), has published those figures in a summary of results from an April telephone survey of 2,243 individuals. The sample included members of the Silent Generation (born 1933-1945), baby boomers (1946-1964), Generation X (1965-1977) and Generation Y (1978-1994), and it also included African Americans, Chinese Americans, South Asian Indians and “middle market” consumers with annual household incomes ranging from $35,000 to $100,000.
About 33% of the survey participants said they think the U.S. economy will be better this year than it was in 2009, and 41% said the economy will be about the same. Only 26% said the economy will be worse this year than in 2009.
In 2009, 44% of the consumers MetLife polled predicted the economy would get worse.
About 35% of the participants polled this year said their personal situation will improve this year, and 41% said their personal situation will stay the same.
Although participants see the economy bottoming out, two-thirds said a recovery is 3 or more years away.
