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Poll: Stock Market Turbulence Not a Big Worry to Most Americans

By:
Chris Gaetano
Published Date:
Jan 26, 2016

'Thumbs up by Wakalani' by Wakalani (Flickr) - Flickr. Licensed under CC BY-SA 2.0 via Wikimedia CommonsDespite the economic sturm und drang preoccupying the financial press, most Americans aren't especially worried about recent stock market woes, according to the Business Insider. That's based on the results of the monthly Consumer Confidence Survey, a poll conducted by Nielsen at the behest of financial research organization The Conference Board. This January's results show the Consumer Confidence Index at 98.1, up from 96.3 last month. This is despite predictions by economists that the index would remain largely unchanged, said the Business Insider. This change, though, appears to come not so much because business got better, but because it got less bad. 

"The percentage saying business conditions are 'good' was virtually unchanged at 27.2 percent, while those saying business conditions are 'bad' declined slightly from 18.9 percent to 18.5 percent. Consumers’ assessment of the labor market was modestly more positive. The proportion claiming jobs are 'plentiful' decreased from 24.2 percent to 22.8 percent, while those claiming jobs are 'hard to get' declined to 23.4 percent from 24.5 percent," according to The Conference Board

Lynn Franco, Director of Economic Indicators at the Conference Board, said that consumers do not foresee the volatility in financial markets as having a negative impact on the economy.