Credit Crisis

Americans Deleveraging: One in Three Has Reduced Debt

Nearly half say it is bad time to borrow

June 17, 2009
A new Gallup Poll finds Americans deleveraging -- with nearly one in three saying they have reduced their total amount of outstanding debt over the past six months.More ...

Most Americans Favor Gov't. Action to Limit Executive Pay

A majority of Democrats favor such an approach, while most Republicans are opposed

June 16, 2009
A majority of Americans, 59%, favor the federal government taking steps to limit the pay of executives at major companies. Most Democrats are in favor of such action while most Republicans are opposed.More ...

Weekly Economic Wrap: Spending Continues to Wither

Consumers’ mood and job conditions improve slightly, while spending does not

June 16, 2009
Consumers’ mood improved slightly last week, as did employee perceptions of job market gains and losses, but consumer spending is down from the prior week -- and down 29% from the relatively low spending levels of the same week a year ago.More ...

U.S. Investor Optimism Surges in May

Investors, pessimistic since late 2008, are now neutral on the future investment environment

June 12, 2009
Investor optimism surged in May, with Gallup’s Index of Investor Optimism registering -1 -- a sharp improvement from the -20 of April -- and indicating that investor sentiment is now neutral after being pessimistic since November 2008.More ...

Weekly Economic Wrap: Muted Reaction to GM Bankruptcy

Consumers’ mood and job conditions worsen slightly while spending is up slightly

June 9, 2009
General Motors’ bankruptcy has had little impact so far on Americans’ perceptions of the economy. Consumers’ mood slipped only slightly last week, giving up the previous week's gains, while spending edged up from the prior week -- but remains down 48% from the same week a year ago.More ...

Weekly Economic Wrap: Post-Memorial Day Spending Falls

Consumers’ mood improves slightly but job market perceptions unchanged

June 2, 2009
Even as consumers’ mood nearly reached its 2009 high last week, job-market perceptions did not improve, and consumer spending fell by 22% from the week leading up to Memorial Day -- and by 56% from the fiscal stimulus-enhanced spending of the same week a year ago.More ...

Weekly Economic Wrap: Pre-Memorial Day Spending Uptick

Consumers’ mood levels off after early May surge

May 26, 2009
Gallup’s Monitor of Consumer Spending was higher in the week leading up to Memorial Day than it was the previous week, while consumers' mood, which hit a high for the year in early May, continued to level off, and ratings of job-market conditions fell back after improving the prior week.More ...

Recession Altering Plans for Half of Summer Travelers

Higher percentage of Americans than in past summers not planning to travel at all

May 22, 2009
The economic recession is causing 52% of Americans who had summer recreation plans to alter those plans, most commonly by spending less for lodging, food, and entertainment. The percentage of Americans who do not plan to travel at all this summer is higher than in previous years.More ...

Chinese Economy Climbs, but Struggles to Spread Wealth

Roughly 4 in 10 Americans see China as world’s leading economic power

May 21, 2009
The proportion of Americans who think China is the world’s leading economic power quadrupled between 2000 and 2009. However, in China, relative economic prosperity is offset by a widening wealth gap between urban and rural residents.More ...

Weekly Economic Wrap: Hiring Up, Spending Still Down

Last week, Gallup’s Net New Hiring Index turned positive for the first time since early January

May 19, 2009
Last week, Gallup’s Net New Hiring Index turned positive on a weekly basis for the first time since early January; even so, consumers continue to hold back on their spending -- which is down more than 40% from the same week a year ago.More ...
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