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Americans aren’t waiting for economists to declare a recession. Polls in recent months have found majorities of respondents saying the U.S. economy has already slid into that state. But how bad a recession do they think it is? A Los Angeles Times/Bloomberg poll gave people a chance to calibrate their gloom. Sixteen percent said we’re now in a “serious recession,” while 25 percent said it’s a “moderate recession.” Twenty percent said it’s merely a “mild recession,” and 32 percent said we’re not in a recession of any sort.
People in the $60,000-100,000 income bracket were the most likely to say we’re not in a recession (44 percent), slightly exceeding the proportion of those making more than $100,000 who held this opinion (38 percent).
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