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Americans Worried About Basic Financial Necessities

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Americans Worried About Basic Financial Necessities

Over one-third of parents are worried their children might have to move back in with them.

The economy remains something of a paradox. As leading indicators continue to move into positive territory and the Dow Jones Industrial Index remains near 17,000, all should indicate a rosy situation. But this doesn't seem to translate into a rosy opinion of how the economy is actually doing. The American public remains concerned about many aspects of the overall economic picture and, more importantly, how it impacts them in their wallets and savings accounts.

These are some of the results of The Harris Poll of 2,306 adults surveyed online between July 16 and 21, 2014.

The President is a figure who the public blames when things are not going well economically but rewards when things are going well. And, only three in ten Americans (30%) give President Obama positive ratings for his handling of the economy while seven in ten (70%) give him negative ratings. This is down slightly from last month, when almost one-third (32%) gave the President positive marks on the economy and over two-thirds (68%) gave him negative ratings.

"Financial worries can keep people up at night."

When it comes to their household's financial condition, half of Americans (51%) say they expect it will remain the same in the next six months while just under one-quarter (23%) say it will be better and just over one-quarter (26%) say it will be worse. Compared to last month, this is a little worse. The same number of Americans felt things would be better (23%), but more said things would remain the same (54%) and fewer said things would be worse (23%).

Some worries Americans have

Financial worries can keep people up at night. More than two-thirds of those Americans who are either employed themselves or have a spouse who is (68%) say they are worried they will not have enough money for retirement while more than three in five of this same group (63%) worry they will have health care costs they cannot afford. While three in five of these employed Americans (60%) say they are not worried that they or their spouse will have to take on a second job to make ends meet, two in five (40%) are worried about this.

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