Poll: 67 Percent of Americans Think Economy Still in Bad Shape

Friday, 24 May 2013 11:14 AM

By Dan Weil

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More than two-thirds of Americans still believe economic conditions in the country are poor, according to a new CNN/ORC International survey released Friday.

The poll of 923 adults conducted May 17-18 found that 67 percent of those surveyed aren't pleased with how the economy is doing, compared to 33 percent who described the nation's economy as good.

Overall, the survey found attitudes a little improved over last year, when 74 percent of respondents said economic conditions were bad and 26 percent said things were fine.

"Any positive changes in the economy appear to have only helped college graduates, while the rest of the country is still struggling," CNN Polling Director Keating Holland said in a statement.

"The number of college graduates who think the economy is in good shape rose from 34 percent in March to 42 percent now, compared to no significant change among Americans with no college degree."

Holland also played down suggestions that the stock market's surge to record highs has made a difference in how most consumers view the economy.

"For some Americans, probably yes," he said. But he added, "Whether you consider record-high Dow Jones averages as good news probably depends on whether you own stocks.

"People who make more than $50,000 a year — and are much more likely to own stocks — are also much more likely than lower-income Americans to say that they have heard good economic news recently."

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