American Pulse Survey finds three-fourths of consumers not yet ready to spend

HTT Staff -- Home Textiles Today, 10/5/2010 3:36:50 PM

Columbus, Ohio - The latest American Pulse Survey of 5,199 respondents found that 75.2% have little to no confidence that the government's economic policies will get the economy's recovery rolling, and 77.1% said they aren't ready to start spending like they did prior to the recession.

Furthermore, 39.7% of Americans surveyed said strong political divides in the U.S. will make it impossible to overcome the current economic situation. However, 27.6% don't agree, and 32.7% don't know.

The American Pulse Survey, which is collected online by consumer research firm BigResearch twice a month, noted it is "likely that Americans still feel knee-deep in the recession," with 78.6% claiming they have lost wealth in the past two years," while only 21.4% said they don't feel they've lost their wealth.