KELO News Poll: Stock Market
March 3, 2008, 9:55 PM
A lot of American families are changing their spending habits. Because of the struggling economy, many are struggling to make ends meet.
All this week, we'll be running results of an online survey we conducted to see exactly what concerns people the most.
The stock market has dropped 10% since the end of October. But that doesn't concern Bob McGuire too much.
"It goes up and down, over the last 70 years it's been up and down that bad all the time," said McGuire.
But others worry about what happens on Wall Street, because they're losing money.
"I do have a little bit of stock and I checked mine and it's dropped down about $3,000 dollars," said Tom Ruger.
In our KELOLAND News economic survey, we asked if the Stock Market slide concerns people.
82% responded yes.
And when we asked, what's the main reason, 28% said they fear they'll have less money for retirement, 24% are concerned it will trigger a recession, 22% are worried about the impact it'll have on areas of the economy.
When we asked is the nation's economy impacting your family finances?
A whopping 85% replied yes.
"Working a minimum wage job, not enough to pay for everything, pay high taxes, the gas prices, food," said Kristie Reed.
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