America Bummed About The Bailout

By SurveyUSA
.

6 in 10 Americans are not confident the federal government has the ability to fix the economy. America Bummed About The Bailout
Published: Mon, September 29, 2008 - 3:27 pm

Geography Surveyed: Continental United States
Data Collected: 09/29/2008
Release Date: 09/29/2008 16:05 ET

72% of Americans Wish They Had Saved More for this 'Rainy Day'; 13% Expect to be 'Wiped-Out': Overwhelmingly, Americans tell SurveyUSA they wish they had saved more money in advance of the economic 'Rainy Day' that the country now finds itself in, according to exclusive polling conducted immediately after the US House of Representatives defeated a plan to rescue the economy. Key findings:

6 in 10 Americans have 'No Confidence' in the federal government's ability to fix the economy.
Half of Americans say their family will suffer in the current economy, but expect to survive. 1 in 8 families expect to be be 'wiped-out' economically. 1 in 3 say their family will make it through unscathed.

Half the USA doesn't know enough about the specifics of the rescue plan to know whether they should support or oppose it, but of those with an opinion, opposition is twice as strong as support. That said, in striking contrast:

57% of Americans now worry the bank where they keep their money will fail. This is up from 53% on 9/26/08, up from 51% on 9/25/08.
Half know someone who has lost their job.
3 of 4 Americans have reduced spending in the past 3 months.

by 4:3, Americans want their representative in Congress to vote 'For' the rescue plan. This is true across party lines. The country is not sure whether the plan will work short-term or long-term; there is significant pessimism about the long-term impact.

Timing: Research conducted during extraordinary economic and political turbulence. 1,200 adults age 18+ were interviewed after the US House of Representatives defeated a proposed economic rescue plan. Opinions can and should be expected to change as news events continue to unfold. There are advantages and disadvantages to research conducted with a short field period.

1
  Asked of 1200 Adults
  Margin of Sampling Error for this question = ± 2.8%

 

Do you have confidence? Or no confidence? In the government's ability to fix the economy?

 

29% Confidence
62% No Confidence
9% Not Sure

 

2
  Asked of 1200 Adults
  Margin of Sampling Error for this question = ± 2.9%

 

Do you support or oppose the specific rescue plan that the government has worked out? Or do you not yet know enough yet to say?

 

15% Support
38% Oppose
46% Don't Know Enough
2% Not Sure

 

3
  Asked of 1200 Adults
  Margin of Sampling Error for this question = ± 2.9%

 

Do you want your representative in Congress to vote FOR an economic rescue? To vote against an economic rescue? Or, do you not know enough to say?

 

40% For
28% Against
31% Dont' Know Enough
1% Not Sure

 

4
  Asked of 1200 Adults
  Margin of Sampling Error for this question = ± 2.9%

 

Short-term, will a government rescue of the economy succeed or fail? Or do you not know enough to say?

 

29% Succeed
35% Fail
35% Don't Know Enough
1% Not Sure

 

5
  Asked of 1200 Adults
  Margin of Sampling Error for this question = ± 2.9%

 

Long-term, will a government rescue of the economy succeed or fail? Or do you not know enough to say?

 

24% Succeed
38% Fail
36% Don't Know Enough
1% Not Sure

 

6
  Asked of 1200 Adults
  Margin of Sampling Error for this question = ± 2.6%

 

Have you saved enough for this rainy day? Or, do you wish you had saved more?

 

22% Saved Enough
72% Wish You Had Saved More
6% Not Sure

 

7
  Asked of 1200 Adults
  Margin of Sampling Error for this question = ± 2.9%

 

Will your family make it through these times OK? Will your family suffer, but manage to pull through? Or will your family be financially wiped out?

 

32% Will Make It Through
52% Will Suffer But Pull Through
13% Will Be Financially Wiped Out
3% Not Sure

 

8
  Asked of 1200 Adults
  Margin of Sampling Error for this question = ± 2.1%

 

Have you personally lost your job in the last three months?

 

14% Yes
83% No
2% Not Sure

 

9
  Asked of 1200 Adults
  Margin of Sampling Error for this question = ± 2.9%

 

Has a friend or family member lost their job in the last three months?

 

47% Yes
52% No
2% Not Sure

 

10
  Asked of 1200 Adults
  Margin of Sampling Error for this question = ± 2.5%

 

Have you reduced spending in the past 3 months? Or is your spending unchanged?

 

74% Reduced Spending
24% Spending Is Unchanged
1% Not Sure

 

11
  Asked of 1200 Adults
  Margin of Sampling Error for this question = ± 2.9%

 

How concerned are you that the bank where you keep your money will fail? Very concerned? Somewhat concerned? Not very concerned? Or not at all concerned?

 

24% Very
33% Somewhat
29% Not Very
14% Not At All
0% Not Sure

 

  Complete Interactive Crosstabs
  Statement of Methodology
  © 2008 SurveyUSA / Contractual Obligations

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