Nearly two-thirds of Americans sense double-dip recession

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The Great Recession in the United States was a severe financial crisis combined with a deep recession. While the recession officially lasted from December 2007 to June 2009, it took several years for the economy to recover to pre-crisis levels of employment and output.This slow recovery was due in part to households and financial institutions paying off debts accumulated in the years preceding.

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Even though the poll’s Economic Anxiety Index is as low as it’s ever been, more than two-thirds of African-Americans say they fear a recession is coming in the next year. For Hispanics, it’s.

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Although the Dow rose to around 12,500 a little over two years after its worst. the the 10,000 level could make things worse – a “double-dip recession” turning into a depression. American International Group stock, 2007-2011 (in dollars and volume traded). The Economic Crisis Reader (Boston: Dollars & Sense, 2009).

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Almost two in three Americans (65 percent) say a double-dip recession – defined as a recession followed by a short-lived recovery, followed by another recession – is now likely to happen. Among those who expect a double-dip recession, nearly half (44 percent) fear it will be worse than the first one, with 21 percent worried it will be "much more severe."

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“Dealing with a downbeat economy is becoming a way of life for middle-class Americans,” said. results illustrate that nearly two-thirds of consumers believe that the U.S. is currently experiencing.

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Nearly two-thirds of Americans believe that the economy has yet to hit bottom, meaning a double-dip recession is expected, a nationwide survey from Citigroup showed Thursday.

Nearly half of those who Lost Ground (48%) say their family incomes declined during the recession – more than three times the proportion of those who Held their Own (14%). Similarly, nearly two-thirds of those who Lost Ground say their family’s overall financial condition is worse now than it was before the recession.