NEW YORK, June 7 (Xinhua) — Roughly 83 percent of respondents said the state of the U.S. economy was poor or not so good, according to a new poll from The Wall Street Journal and the National Opinion Research Center (NORC) at the University of Chicago.
“That’s the highest dissatisfaction level since NORC, one of the largest independent research organizations in the U.S., began conducting the poll in 1972,” said U.S. business magazine Fortune in its report of the survey.
More than a third of respondents said they were not satisfied at all with their financial situation, while 46 percent said they had no chance at improving their standard of living this year, according to the poll.
“Thirty eight percent said their financial situation is worse now than it was in the past few years, the first time since the aftermath of the global financial crisis in 2008,” said the report.
Inflation is the biggest driving factor behind the poll’s results, according to NORC. Though inflation slowed in April following seven months of consecutive gains, consumer prices jumped 8.3 percent from 12 months earlier.