Sunday, July 4, 2010

Poll Update-The State of the Economic Recovery

On June 30th I put a poll out via LinkedIn in which I asked respondents to provide an answer to the following question:

"At what point, now or in the future, do you expect to consider the "great recession" to be over?"

Fixed answers were provided in ranges from "there now" to "3 years or more away"

As of today we can see the following results:

  • Having solicited a pool of about 400 potential respondents we received input from 37 people.
  • Out of those respondents none indicated we were to consider the "great recession" over as of now.
  • A majority (56%) indicated they felt we would be out of the woods within the next 2 years.
  • The minority (42%) felt it would be two years or more before we would exit this period of troubled economic conditions.
  • Sixty seven percent of those aged 35 to 54 indicated they felt it would be within the next 2 years that we would all feel better about the conditions (over half of the respondents fell in this age group).

While it feels a bit to early to draw and firm conclusions based on the data gathered it seems interesting to see the results to this point. While it is likely that none of the respondents have seen economic conditions like these before, those who are in the middle age group have the most optimistic outlook on the current conditions.

I will leave the poll up for another week or so and report back on the final results when they come in. Until then.........