US still in recession? Most Americans say yes

A new poll shows that 54% of the country thinks the economy is spiraling.

By Kim Peterson Jul 24, 2013 3:07PM
Image: Man holding empty wallet © CharlesSturge.com, Image Source, Getty ImagesEconomists tell us the country climbed out of its recession four years ago. But most Americans would disagree.

A new McClatchy-Marist poll shows that 54% of respondents think the country is still in a recession. About a third think the recession is over, and 8% aren't sure.

It doesn't take an economic degree to see why. Although the economy is recovering in fits and starts, many Americans are still unemployed or underemployed. They're working more part-time jobs, one of the largest categories for new employment in the recovery. They're also seeing smaller paychecks after the payroll tax rate returned to 6.2% in January.

Mortagages are still underwater, and housing loans are tough to get. Interest rates are so low that saving money seems fruitless.

In short, it just doesn't feel like we're in a recovery.

But there is good news. The 54% who think we're in a recession is down from the 63% who felt the same way in March. In fact, the percentage of Americans holding this opinion is at its lowest point since 2008.

Another interesting note from the poll is that Americans are pretty evenly split about whether things will get better economically for them in the next year. Nearly a third said yes, a third said their situation will be worse, and a bit more than a third said things will stay the same.

More on moneyNOW


Tags: Economy
351Comments
Jul 24, 2013 5:57PM
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Absolutely still in recession.  Higher gas prices, more expensive tollways and other auto costs... Check!  Higher food, beer, cigarette, income, sales and other taxes... Check!  Higher insurance costs... Check!  Higher cost of living all around... Check! 

Higher pay... Oh wait, that's right, I make less now than I did last year!

Jul 24, 2013 7:06PM
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We're not in a recession, we're in a depression.  $16 trillion GDP at 2.5% growth comes out to $400 billion in growth per year, or about $33 billion in growth every month.  Bernanke is pumping $85 billion/month into the economy to get $33 billion in growth.  Without QE, our economy would be contracting at a rate of 5% or more for the last few years - a depression.  QE isn't preventing a depression, it's just covering it up, with lots and lots of paper.
Jul 24, 2013 4:09PM
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Stuck in the mud is where we workers are, and now it is in the white collar side too. The payroll tax is minor and there are benefits to it anyway so it has little to do with the big picture. We have no trust in anyone any longer especially major corporations and government. We feel taken advantage of through the raping of social security and reliance on 401K plans that we cannot afford to add to. No increases in purchasing power in many years also makes for a frustrating existence. I see the financial meltdown as a reset of sorts in pricing and wages. Make us desperate and will work for bananas, it seems is the theme. I don't know what the answer is but I see companies working their people to the bone as it is cheaper to work them the overtime rather than hire more. It only makes sense and if I were the owner might come to the same frustrating conclusion. What was middle class 8 years ago is now barely hanging on and their standard of living has been reduced significantly so no wonder so many feel we have yet to recover. I have more gibberish, but....
Jul 24, 2013 7:42PM
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Our President makes Carter look like an economic genius.  Obama is a lazy, arrogant, CORRUPT Imbecile.  He is CLUELESS.  His policies will set the middle class back for a generation.  Young people will be buried in his debts.  Their standard of living will we less than their parents. 

 

His legacy will be to have been the worst President in history.  Jimmy Carter used to the worst in the last 100 years (although LBJ came close), but Obama clearly is far worse.  History will record him as such.

Jul 24, 2013 6:46PM
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I agree we are still in recession , wages are stale , too many temp agencys , prices high for everything, food housing cars, gas everything and low pay wages and benefits are nil and none, we are going to become a third world country if it does not turn around, way too much poverty, and trouble with people on drugs, alcohol,  jails are always full it seems, congress cannot help move this country forward it seems .... Things are not very rosy, we are in a world economy and it just stinks for Americas workers, but makes millions for ceos..
Jul 24, 2013 7:19PM
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This situation is somewhat grim for ordinary people.  They can't get a decent job,  they need benefits,  they are stretched because everything is suddenly costing more and more.
If this is  not a recession,  why does it act like one?

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The business I am in, buying and selling, has been in a recession since the year 2000, which is about the time, that disposable income for the middle class started falling. No relief in sight, because of our corporate owned Govt. The Govt. policies, set in place even before the year 2000, have been detrimental to the middle class.  .   
Jul 24, 2013 7:16PM
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oh no! we're not in a depression, oops! recession! everything's just fantastic!! amazing!! awsum!!!greeeeeeeeeeeeeeeeeeeaaat!!! super!!! I mean we've got QE 1, 2, 3, 4, 556789909684096804980935093865037680495707905 to infinity goin' strong, right?? just print your way to poverty! oops! I meant prosperity, excuse me....

 

oh, right, right, ....that's just the narrative the idiot obamazombie morons want the rest of SANE and RATIONAL America to believe, now let's see the reality of the situation;;

 

Detroits in the Troilet, 4 cities in California just as lucky, true unemployment numbers are 14%, not the fictional 7.6% the Osama regime would have you believe, tons of UNDER employment besides the usual unemployment, not to mention the TEMP jobs people if they're lucky, they just might snag one!! millions on welfare of course, and the NEW WELFARE known as DISABILITY ins. so add that together and we've got 50,000,000 on some form of Public Assistance, don't you just love those 'nice' words libs come up with? anything to make it sound less of what it is WELFARE!!! on the DOLE!! HANDOUTS!! and for some of those people, well, they're outta work for years now of course they're on welfare! not all of them are chronic parasites, just thrust into welfare due to that pig divisive muslim disgracing the white house, so there you go...and of course Obama's gonna do what he does best, blame everything on 'Washington', yea, sure right, that fcuker IS WASHINGTON!!

 

everything that's happening in America is due to HIM and HIS ilk running the show, and NO ONE ELSE!!! the economy is not due to Republicans' blocking anything, they're to busy trying to appease those scumbag democraps so basically the Republicans, some of them, are just as big a problem as lefty loony democraps are, the Democraps squarely OWN THIS ECONOMIC DISASTER!! Period!

 

now don't you idiot low information guilt-ridden white/Jew/Catholic/Agnostic/Atheist/Baptist/Misc/Whatever voters feel more stupid each passing year knowing that you're responsible for all of this?? but anyway.....

 

recession?? what recession?? oh and wait people!! Obama's got a plan!! you see, a plan, he's the man wiff da plan!! but he's on a 100Million dollar vacation and then it's off to Martha's Vineyard for a 60K stay, weekend rates mind you...so there you go America! feel better?? especially you idiots that are unemployed STILL that voted for him, good!! you have soooooo much to think 'bout when you're looking for work and waiting for those call backs from employers that NEVER come, see that? elections have serous consequences don't they, oh you're payin thru the nose this time huh? well continue to, enjoy!

Jul 24, 2013 7:50PM
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Did someone really have to ask if our economy has recovered???In case anyone really believes the lies that economists and Washington are cramming down our throats, This country is not going to "recover" to what it was anytime soon, its more like a "shake out". The excesses we all enjoyed in the past are history,The free rides will end, job security is a blast from the past.

  Every time we catch a small break which could help the economy , like lower gas and fuel oil prices oil companies find a reason to raise the price, and the idiots in Washington just let it all happen, insurance companies are another one, GOUGING consumers and raising prices when average americans can least afford it.

  The sad part is all us lazy Americans sit back and watch it all happen, because we're all too busy watching the Kardashians and living our sad little lives.

  Untill people start coming out and Protesting and VOTING the bums out nothing will change. The rich keep us down, and working hard just to survive so theres no time or energy left for us to bitch.

   Several years ago Congress raised retirement for my age group to 67, and there was hardly a wimper about it, but when 50 somethings like me want to retire it will hit home. Its time for us to speak out for change.

  CHANG will come when we STOP giving tax money to foreign countries, you cant fix someone else's house when your own is falling down, when will Washington admit we're in trouble and stop giving away our money???

Jul 24, 2013 6:56PM
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no recession for the nap time wednesday, furlough Friday gov't employees.  get a job with the IRS and enjoy bonuses, $3500/night motel rooms - all for doing nothing and without working up a sweat.  AND a select few that prove to be the least productive can be stars in Star Trek and Line Dancing videos.  DO NOT SAVE TO PUT YOUR KIDS THRU COLLEGE, HAVE THEM APPLY FOR A GOV'T JOB BEFORE THEY GRADUATE FROM HIGH SCHOOL.  RETIRE AFTER 30 YEARS FROM A COMPLETELY STRESS FREE ENVIRONMENT AND LIVE TO 120 YRS OLD WITH YOUR CADILLAC BENEFIT PLANS.  oh wait, what if the gov't files for bankruptcy???  LOL!!!  we really, really do need unions for people sitting in air conditioned offices and surfing the internet all day. I apologize to the 40% of the gov't employees that do all the work. how does it feel to see a dreg 1 cube over doing nothing but getting the same pay and benefits?
Jul 24, 2013 7:00PM
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Of course we're still in a recession. The only folks who think we aren't are the wealthy. It doesn't bother them when grocery, gasoline and utility costs rise. Hell, they have more money than they can ever spend so they don't even notice what's going on with the 'little people'!
Jul 24, 2013 7:30PM
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The old adage remains true, when your neighbor loses his job it's a recession.  When you lose your job it's a depression.
Jul 24, 2013 7:48PM
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I got laid off last fall and haven't been able to find a job.  Unemployment ran out so I went on early Social Security.  Had to take in a roommate and he is the one from hell.  Now I have to go to court to evict him.  I never thought I'd spend my old age like this.
Jul 24, 2013 6:51PM
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the president should feel embarrassed that no one was indicted for the financial crisis we all went through or the irs debacle  or maybe the hand out to the car millionaires' and the list goes on........
Jul 24, 2013 7:08PM
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Folks, we merely experienced a re- apportioning of wealth.

It's over now......nothing to see here.....move along.

Jul 24, 2013 8:08PM
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Of course we are still in a recession...Obozo does not have a clue on the economy and the fed just continues to print money - a Greek/Mexican economy is on the near horizon.  And...we have another 3 1/2 years of this pretender/blamer and his dysfunctional administration ahead of us.
Jul 24, 2013 6:42PM
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No it's not! Ask any unemployed liberal walking down the street.
Jul 24, 2013 7:17PM
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No Dahhhh,  say it ant so. With the Feds pumping 87 billion dollars a week into our economy, and its still failing. Say it ant so.... DAHHHH ...
Jul 24, 2013 8:01PM
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depends on if your wall street or main street, the rich are getting richer and the working stiff is looking for a job. inflation everywhere you look (unless you're a politician wearing their rose colored glasses) jobs will take a sharp increase as the already part timers get cut back to 29 hrs a week -thanks obamacare- and have to take another part time job to make the same or less.
Jul 24, 2013 6:54PM
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you can thank the high fuel costs for the shape this country is in
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