
Keeping
standard of living a worry - poll
Americans
are worried about maintaining their lifestyles over
the next year in a tumultuous economic environment,
CNN/Opinion Research finds.
WASHINGTON (CNN) -- Americans are
losing confidence in their ability to keep their
current standard of living, a new national poll
indicates.
Thirty-nine percent of people
questioned in a CNN/Opinion Research Corporation
survey released Thursday say they're very confident
they'll be able to maintain their standard of living
over the next year. That's down 6 points from last
year.
Half of all homeowners with a
mortgage say they are very confident that they can
continue to meet their mortgage payments, but that is
also down, by 8 points, since last year. Americans'
confidence in their ability to pay other debts, such
as credit cards and car loans, has also dropped in the
past year.
And there is much less confidence
in being able to save for specific goals. Only one in
four parents of children younger than 18 say they are
very confident in their ability to pay for college.
And only one in five Americans who have not already
retired say they are very confident in their ability
to save enough to retire comfortably.
"As the nation's economy has
gotten worse, Americans' confidence in their own
economic prospects has slipped, and it is lowest when
it comes to long-term goals such as saving for college
or retirement," said CNN Polling Director Keating
Holland. "The public is fairly confident on
personal matters such as paying off mortgages or other
debts and on maintaining their standard of living, but
the last year has seen a worrisome erosion of
confidence."
The CNN/Opinion Research
Corporation poll was conducted March 12-15, with 1,019
adult Americans questioned by telephone. The survey's
sampling error is plus or minus 3 percentage points. 
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