The majority of Americans in all income brackets believe the economy is worse than a year, though that majority is smallest for those making over $125,000, a new survey finds.
WASHINGTON – Most Americans have a pessimistic view of the economy as the nation continues to grapple with the coronavirus pandemic ahead of the November election, a new survey finds.
States have slowly begun reopening businesses over the past several months after rates of new cases of COVID-19 plateaued before ticking up again. The Labor Department said Thursday thatfiled for unemployment insurance for the first time last week — a significant drop from the record high 6.2 million who filed first-time claims in early spring. Although the economy is rebounding, some economists warn that it's slowing due to flare-ups of new cases of COVID-19 in certain areas.
The discontent over the economy is not relegated to Americans in lower income brackets. The majority of Americans in all income brackets believe the economy is worse than a year, though that majority is smallest for those making over $125,000.
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