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U.S. Economy: “Recovery” Doesn’t Fool Struggling Americans – Money Morning

The government’s numbers – primarily the monthly data on unemployment and inflation – tell the story of a slow but gradual recovery by the U.S. economy.

But the experience of millions of Americans tells a far different story.

According to a new national survey conducted by the John J. Heldrich Center for Workforce Development at Rutgers University, many Americans continue to suffer from the impact of the Great Recession.

What’s more, more than half of those surveyed believe the U.S. economy will not fully recover for another six years, and nearly one-third said the U.S. economy will never fully recover.

“Millions of households were affected to some extent by the layoffs that occurred four years ago,” Mark Szeltner, the lead researcher for the Rutgers survey, told The Daily Ticker.

The Rutgers survey backs up what some other surveys have said.

Last August, in a Pew Research survey of middle-class Americans, 42% said they were worse off than they were in 2008.

A Rasmussen survey taken earlier this month showed that only 39% believed the U.S. economy would be stronger in five years – the first time, Rasmussen said, that figure had ever dipped below 40%.

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