The Consumer Credit Crunch Is Already Underway

New early September poll shows credit crunch impact varies by age, income, geography

New poll data for early September -- as well as that collected over the past three months -- suggests that contrary to popular perceptions, the consumer credit crunch has also been underway for several months. In particular, this seems to be the case for many younger- and lower-income consumers as well as those in the Midwest. [Free acccess to this report may expire on 9/17/7] Full Story »

Posted by Leo Romero

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Jack Dinkmeyer
5.0
by Jack Dinkmeyer - Oct. 1, 2008

The data in this poll show disturbing trends: the Federal Reserve lags behind actual economic realities of Main Street America; lower and middle class Americans have been left out of Cheney-Bush's great robust economy, which is reserved for the minority rich. Is America on the brink of recession? Or worse? Much of the world thinks so.

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