Many respondents believe the US economy is already in dire straits, the poll found
More than four in 10 Americans believe the country is heading toward a complete economic meltdown within the next decade, according to a new poll.
The survey, released by YouGov on Wednesday, shows Americans are more worried about the economy than potential threats to the democratic system or the prospect of civil war.
42% of respondents said it is very or somewhat likely that there will be “a total economic collapse” in the next 10 years, while a smaller share, 38%, described this outcome as unlikely.
Financial anxiety ran much higher among Democrats, 53% of whom feared an economic breakdown, compared with just 28% of Republicans.
Yet still keep their savings in S&P 500
As opposed to what? Under your mattress? Gold? Real estate? Foreign exchanges are a joke compared to NYSE.
Even in a collapse, SP is still your best hope. And that’s also why the market doesn’t react much anymore to doomscrolling news: there aren’t any real alternatives.
Well you can just buy VXUS instead of VOO, if talking about ETFs. But yeah, as you’ve mentioned, there are more financial instruments besides stocks too. If the US economic collapse were indeed to happen as per article, holding any non-US assets would have been better
Lmao you think the us economy wont drag the global economy down with it. You know the old saying “when US sneezes, EU catches a cold”, that’s why nobody but you buy vxus instead if voo
Wats VOO? Is that a Vanguard index fund or something?
Yes
I don’t think total economic collapse is possible, but not having some kind of recession in 14 years would be weird
I don’t think
Yeah. We can tell.
Do you guys understand what total economic collapse means?
No modern country has ever totally collapsed
Read much history, do ya? Nah, didn’t think so. 🙇🏽♂️
What modern country has totally collapsed in an economic sense?
