3 in 5 Americans Think Economy Is In Recession: Poll | Business Matters (August 12)
Three in five American believe that the economy is currently in a recession, this according to a recent survey from buy now pay later service provider, affirm. According to the survey of 2,000 people, inflation and the rising cost of living tops the list of reasons why respondents believe the U.S. is in a recession. On average, respondents who feel this way believe the recession started over 15 months ago, officially speaking however the U.S. is not currently in a recession. Meanwhile, a Research published today by the Federal Reserve Bank of San Francisco shows that U.S. families are facing shrinking cash cushions that pose a risk to consumer spending, the backbone of the economy.