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Americans still skeptical about the economy

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Many Americans are still not confident that the current economic recovery will last, according to Bloomberg.

Only one in seven Americans have faith that a lasting economic recovery has taken hold, according to the Bloomberg National Poll conducted by Des Moines-based Selzer & Co. March 4-7. Almost half of respondents believe the United States is in a “fragile” rebound, and almost half say they are personally worse off than they were two years ago.

Around one-third of respondents believe the country has not emerged from recession.

Furthermore, 63 percent say the nation is on the wrong track, though that is down from the 66 percent who said so in December.

“There seems to be something of a disconnect between what people are feeling and what people are doing,” J. Ann Selzer, president of Selzer & Co., said in an interview with Bloomberg. “While admitting a recovery has at least started, the public still feels crummy. They may not feel it has started for them.”

The poll results run counter to economic data showing that the economy is on the mend, including six quarters of economic growth, a 95 percent rise in the Standard & Poor’s 500 index during the past two years and job growth last month of 192,000. The unemployment rate of 8.9 percent is the lowest in 22 months.

The survey polled 1,001 adults and has a margin of error of plus or minus 3.1 percentage points.

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