It’s not surprising to learn that following a summer of contentious battles over the federal debt ceiling and turmoil in the stock market, Americans feel renewed concerns about the global economy and anxiety about another recession. Ordinary folks are uneasy about borrowing, and they think Washington should be wary as well.
This quarter’s Allstate National Journal Heartland Monitor poll, the 10th in the series, explores Americans’ experiences with and attitudes toward debt, both on a personal level and in government spending. The results reveal a population that views taking on personal debt as an obstacle to – rather than an investment in – achieving the American Dream.
Americans also question the federal government’s role in solving the country’s economic problems.
“The message the American people are sending is clear: Washington and the business community need a new approach to leadership and a renewed focus on issues that are the building blocks of economic security,” said Joan Walker, Allstate executive vice president.