POLL: 87% of Americans are Concerned About an Incoming Recession
Nearly 90% indicated that they are concerned about a recession coming to the US per a poll published by December 16, 2022.
According to the poll, 87% of respondents signaled that they were very or somewhat concerned about a recession, while an additional 10% said they weren’t too concerned or not all concerned.
An additional 3% either indicated they didn’t know or had no opinion on the matter.
Earlier in December, economic officials warned that a recession could potentially be on the horizon.
“There are always risks of a recession. The economy remains prone to shocks. But look, we have a very healthy banking system,” Treasury Secretary Janet Yellen declared on CBS’s “60 Minutes.”
“There’s a risk of a recession. But it certainly isn’t, in my view, something that is necessary to bring inflation down,” she continued.
Americans have every reason to be worried about the country’s economic state due to the political class’s flirtation with massive forms of economic intervention and loose monetary policies. These measures ensure that the US economy is rigged in favor of major corporations, while small-and-medium sized businesses get crushed. Additionally, the perpetual inflation in the American political economy ensures that the middle class lives in a constantly precarious economic state.
The US desperately needs free market reforms that put the regulatory state on a diet and allows for competing currencies. If elites can’t get this done, the US could witness a pronounced economic decline in the latter half of the 21st century.