A new poll shows that 70 percent of Americans believe a recession is coming and around two-thirds of those say they’re not financially prepared to face one down.
The survey, carried out by MagnifyMoney on a sample of 2,082 respondents, shows Americans are pessimistic about their odds of dodging a recession.
Just 6 percent believe a recession won’t materialize while 24 percent aren’t sure.
While 70 percent think a contraction in the U.S. economy is inevitable, 59 percent expect a recession will come as soon as within six months.
‘Particularly Troubling’
Most Americans say they’re vulnerable to the impact of a downturn, with 68 percent saying they don’t feel financially prepared for a recession, according to the poll….