MyBankTracker.com Survey Finds Most Americans Don't Expect a Recession
QuinStreet, Inc. (QNST)
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Source: PR Newswire
FOSTER CITY, Calif., Oct. 15, 2019 /PRNewswire/ -- The Federal Reserve cut interest rates, the trade war between the U.S. and China is curtailing investment and there has been a decline in the gross domestic product (GDP). Despite signs indicating an economic slowdown, a survey released today by MyBankTracker.com, a comprehensive resource for financial products, shows half of the Americans polled do not foresee suffering through a recession in the near term. Respondents in the soon-to-retire category tended to be the most optimistic, though this age group is most likely to feel the pinch in the event of an economic downtown. The survey asked people when they expect the next recession, and got a range of answers. Of those polled: 54% of those aged 55-64 do not foresee a recession 'any time soon' 52% of men vs. 48% of women do not foresee a recession in the near future 49.6% of all respondents do not think there will be a recession 'any time soon' 26.9% expect a recession some time in 2
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