It's not even one full week into the year 2013, but it appears that a significant number of Americans are already pessimistic about the nation's economy entering a brand new year. A new poll showed an overwhelming number expects a difficult economic year.
The United States just averted a fiscal cliff, even though it’s on the verge of a debt and dollar crises, and it hasn’t even been 48 hours into the new year (at the time of this writing), but a new Gallup/USA Today survey found that two-thirds of Americans anticipate a year of economic difficulty, while only a third see economic prosperity.
Americans are split when it comes to unemployment, though; as 53 percent expect a rise in employment, while 42 percent see a year of rising unemployment.
When it comes to the effects of inflation, 57 percent believe prices will rise at a reasonable rate and 42 percent believe prices will increase at high rates.
The same study also found that close to six in 10 respondents feel U.S. power and influence will diminish on the global stage, while more than one-third said the nation will actually increase its power over the coming year.
Although a deal was met to avoid a fiscal cliff, the Congressional Budget Office (CBO) reported that the agreement will lead to $4 trillion in deficits over the next 10 years. There are no talks in Washington to balance the budget and this has led many Americans to agree that the budget will not be balanced and there will be no efforts this year.
An overwhelming 85 percent said the U.S. federal government will have a budget deficit in 2013. Meanwhile, 13 percent think the federal government will have a general balanced budget for the year.
The telephone survey was conducted with 1,025 adults between Dec. 14 and Dec. 17. It contains a margin of error of +/- four percentage points.