Americans say financial crisis poses a greater threat than terrorism

October 11th, 2008 - 1:21 pm ICT by ANI  

Barack Obama

Eugene (Oregon US), Oct.11 (ANI): Eighty-one percent of Americans surveyed in a national poll agree that the financial crisis “poses a greater threat to the quality of life than does the threat of terrorism.”
On a personal level, 41percent of the 802 respondents were very angry about the current financial challenges and 32 percent were moderately angry. Respondents were similarly fearful, worried, and sad.
Only 19 percent felt they could adjust to what happens because of the financial crisis; 51 percent said they had no or only slight influence for controlling the impacts on their lives.
Seventy-eight percent expect to postpone major purchases (large appliances or cars).
The survey was conducted by a five-member team, including three researchers with University of Oregon appointments, by Decision Research, a think tank for risk assessment based in Eugene.
Asked a series of questions to gauge who the participants trust to meet the economic challenge, respondents gave no one a firm endorsement.
Democratic presidential candidate Barack Obama received the highest nod, but at only 23 percent. His Republican rival John McCain drew 16 percent of their trust. Support of President Bush, Congress and the Treasury Secretary Henry Paulson ranged from 5 percent to 7 percent. Business leaders drew only 2 percent.
Almost half (48 percent) of respondents had investments in stocks or mutual funds; another 4 percent planned to invest in stocks and mutual funds in the next 12 months. Of these respondents, 31 percent said they were very likely or likely to change their investments during the next week to reduce their financial risk.
When asked what they expected their average returns to be over the next year, 27 percent expected a negative rate 9 percent expected zero or no return, and 67 percent expected no more than 5 percent. (ANI)

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