Deep pessimism about future economic growth is weighing on Americans as they hunker down from the effects of higher gas and food prices and fear that those prices could remain elevated for years, a poll from CNBC has found.
The CNBC All-America Economic Survey also reveals that Americans’ attitudes toward home ownership and expectations for housing prices are both deteriorating sharply. An astonishing one out of every two Americans knows someone who is being foreclosed upon or facing the threat of foreclosure.