Tags: Gallup | Basic | Needs | Recession

Gallup Poll: Access to Basic Needs at Recessionary Level

Friday, 14 Oct 2011 08:18 AM

  Comment  |
   Contact  |
  Print   |
    A   A  
  Copy Shortlink
Access to basic necessities is hitting recessionary levels as healthcare, food and housing are getting tougher to come by these days, a Gallup poll finds.

"Fewer Americans had access to basic life necessities in September. The nation's Basic Access Index score fell to 81.4 last month — on par with the 81.5 measured in February and March 2009 amid the recession," Gallup reports.

"Fewer Americans now have a personal doctor and health insurance. And more Americans are having trouble paying for food and shelter."
__________________________________________________________

‘You Opened My Eyes to the Catastrophic Enormity of This Financial Debacle’
Debt ceiling ‘medicine will become the poison,’ according to famed economist. Brace for economic meltdown. Watch the Aftershock Survival Summit Now, See the Evidence.
___________________________________________________________

While the majority of Americans still are able to buy the basics, the trends shows it's getting harder for more and more to do so.

"Gallup's global research finds Americans are now struggling more than Chinese to afford food, a reversal from 2008. If the worries about a double-dip recession come to fruition, even more Americans may start having problems meeting their basic needs."

unclesamtax200gtty.jpg
(Getty Images photo)
 
More and more economists these days are describing a return to recession as a foregone conclusion.

"The U.S. economy is indeed tipping into a new recession. And there's nothing that policymakers can do to head it off," according to the Economic Cycle Research Institute, the AFP newswire reports.

"It's important to understand that recession doesn't mean a bad economy — we've had that for years now. It means an economy that keeps worsening, because it's locked into a vicious cycle. It means that the jobless rate, already above nine percent, will go much higher, and the federal budget deficit, already above a trillion dollars, will soar."

© 2014 Moneynews. All rights reserved.

  Comment  |
   Contact  |
  Print   |
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Volcker Critical of Delays in Namesake Rule

Friday, 19 Dec 2014 17:16 PM

Former Federal Reserve Chairman Paul Volcker on Friday criticized a decision to delay full implementation of a rule that . . .

Stocks Rise in Best Week Since October as Energy Industry Gains

Friday, 19 Dec 2014 16:56 PM

Oil and gas companies led the stock market up Friday, helping the Standard Poor's 500 index notch its second-best week . . .

Fed's Williams Sees June as Time to Start Considering Higher Rates

Friday, 19 Dec 2014 15:10 PM

Federal Reserve Bank of San Francisco President John Williams said next June will be the right time to consider when to  . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved