Tags: silicon | recovery | poll

Silicon Valley Residents More Optimistic About Economy

Tuesday, 23 Oct 2012 02:20 PM

By Alec Weisman

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Silicon Valley residents are more optimistic about the economy's recovery then they have been in three years, according to a new poll by the Survey and Policy Research Institute at San Jose State University.
The study, which polled 386 randomly selected Silicon Valley residents from October 1-13, found 45 percent reported an improvement in their own lives, while 23 percent said California is no longer in a recession, according to the Contra Costa Times.

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"There has been a psychological shift. There's a sense that things have turned the corner," observed Melinda Jackson, the institute research director. "It may be going slower than people would like, but we're starting to see the upswing now."
Nevertheless, 39 percent still felt excluded from the perceived recovery, while 29 percent believe the state remains in a “serious” recession.
The survey also showed a strong link between an optimistic outlook and the income and education levels of respondents. Better-educated, higher income individuals, for example, were more upbeat about the economy.

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