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Less than 25 percent Americans see economy improving: Poll

June 24, 2011 - New York

Less than 25 percent of Americans see signs of improvement in the economy of the country, a Bloomberg National Poll has found.

The poll has also revealed that two-thirds of the people think the country is moving in a completely wrong direction.

Such negative trends in public perception of economy have been witnessed for the first time in the last 30 years. Similar trends were observed the last time when Ronald Reagan was President.

The survey, conducted June 17-20, also found that by a 44 percent to 34 percent margin, Americans feel they are worse off now than when President Obama took office in January 2009 - when the U.S. was in the phase of recession.

The percentage of people who believe the country is on the wrong track - 66 percent is higher than the 57 percent from an October 1982 poll, when the unemployment rate was 10.8 percent.

More than half of those surveyed said their children will have a lower standard of living than they do.


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