Most Americans Are Still Waiting for an Economic 'Recovery'

NEW YORK (MainStreet) -- Nearly two-thirds of Americans believe the economic system unfairly favors the rich -- and 72% believe the U.S. is still in a recession. Economists generally agree that the Great Recession ended in June of 2009 but as individuals, reality is the life we live. For so many of us (57%), reality means we are in fair – or even poor -- financial condition, according to the just-released 2014 American Values Survey fielded by the Public Religion Research Institute.

Cutting back on meals and struggling to pay bills is a fact of everyday life for a surprisingly large number of Americans. Nearly four in ten admitted that they or someone in their household have had to reduce meals or cut back on food in order to save money over the course of the past year.

“Despite the fact that there has been improvement in the economy since the Great Recession, approximately four in ten Americans live in households experiencing high or moderate levels of economic insecurity,” says Robert P. Jones, CEO of PRRI. “Economic insecurity remains highly stratified by race, with nearly six in ten black Americans living in households with high or moderate levels of economic insecurity.”

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