What We're Expecting When the Government Defaults on its Debt
A survey out Tuesday from Information Resources, a Chicago data services company, shows that an overwhelming majority of Americans (85%) are aware of the shutdown and of the potential U.S. government debt crisis economists expect to start Thursday if no deal is reached.
"Consumers have been locked in a prolonged game of economic dodgeball, with one challenge after another coming right at them," says Susan Viamari, the editor of IRI Times & Trends, which published the survey. "The government shutdown and debt ceiling crisis are just more hurdles, and the growing uncertainty really has consumers worried and hunkering down."
Here's a snapshot of some expected effects for certain demographics:
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