The typical economic expansion is about eight years. The current expansion is going on 10 years.
But with consumer sentiment surging, the national economy adding 235,000 jobs in February, and financial institutions still forecasting growth, Americans fear a recession within the next year.
According to a new Marketplace-Edison Research Poll, most Americans (59 percent) anticipate a recession in the next year.
The poll further revealed that half of Americans think the economy is strong, attributing the growth to the private sector.
That said, interestingly enough, the Economic Anxiety Index has tumbled from the same time last year: 32 to 31. Ostensibly, the most anxious individuals are hourly workers, gig economy workers, blacks, women, and millennials.
Moreover, half of white Americans say income inequality has widened, while more than half of blacks and Hispanics believe income inequality has worsened.
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