Respondents in the soon-to-retire category tended to be the most optimistic, though this age group is most likely to feel the pinch in the event of an economic downtown. The survey asked people when they expect the next recession, and got a range of answers. Of those polled:
- 54% of those aged 55-64 do not foresee a recession 'any time soon'
- 52% of men vs. 48% of women do not foresee a recession in the near future
- 49.6% of all respondents do not think there will be a recession 'any time soon'
- 26.9% expect a recession some time in 2020
- Only 8.7% expect a recession by the end of 2019
"Regardless of how Americans foresee the economy in the near future, there should be no drastic changes in how personal finances are handled," advises
The study of 814 respondents was conducted in September through Google Surveys on behalf of MyBankTracker.com (MBT), a
MyBankTracker.com is owned and operated by
MyBankTracker.com is an independent comparison website helping consumers make smart banking and financial decisions. The mission is to match consumers to their perfect bank by providing and tracking in-depth information on more than 5,000 banks, credit unions and financial products. Using a combination of technology and money management expertise, MBT provides personal finance comparison tools and educates consumers to optimize their relationships with banks and lenders.
Public Relations Manager