Americans See Brighter Economic Future: Survey
Published: Wednesday, 10 Dec 2008 | 12:02 AM ET
By: Steve Liesman|Senior Economic Reporter
- Investing: 52 percent of respondents said it is a somewhat bad or very bad time to invest in the stock market, up from 27 percent in October, 2007;
- Safe Banking: 35 percent of those surveyed said they are not confident or only somewhat confident their money is safe in a federally insured bank account; and
- Purchasing a Car: 37 percent surveyed said they would be willing to buy a car from a bankrupt auto maker, while 52 percent said they would not, and 11 percent were unsure.
On the eve of the holiday season, the CNBC/Portfolio.com Wealth in American Survey finds Americans painting a deeply grim picture of the current state of the economy with bleak implications for holiday spending. But Americans are expressing optimism about the future that seems tied to the election of Barack Obama.