- Economics April 29
Gallup's latest survey of Americans' financial concerns reveals that, yes, the economy really is recovering, and Americans' financial woes are easing. Of those surveyed by Gallup, only 48 percent were very or moderately worried about maintaining their standard of living, down from 54 percent in 2010. Fifty-nine percent were very or moderately worried about saving for retirement, down from 66 percent in 2010. And 53 percent were worried about unexpected medical costs, down from 61 percent in 2010:
This tallies with other empirical evidence about the wider American financial situation. Household debt levels have fallen substantially. Unemployment has fallen substantially. Bankruptcies have become more infrequent. The number of underwater mortgages (where homeowners owe the bank more than their home is worth) has dramatically fallen. And GDP growth remains positive and steady. Yes, it's a slow recovery — worries are still elevated over where they were at the start of last decade. But a slow recovery is better than no recovery.- -
THE WEEK'S AUDIOPHILE PODCASTS: LISTEN SMARTER
- How Ronald Reagan turned America into a nation of children
- What would a U.S.-Russia war look like?
- Why is the West so afraid of Islam?
- Why Mitt Romney is perfectly poised for a comeback in 2016
- Here's the schedule very successful people follow every day
- 8 things the world's most extraordinary survivors can teach you about resilience
- The crusade against Iraq War supporters has forgotten someone: Hillary Clinton
- This week I learned the moon might be littered with dinosaur fossils, and more
- 8 secrets to steal from power networkers
- Why scientists can't kill HIV
Subscribe to the Week