December 4th, 2008
12:01 PM ET
6 years ago

More Americans say recession is serious

(CNNMoney.com) - More than four out of 10 Americans say the economy is in a serious recession, a belief that has grown stronger within the past few weeks, according to a poll released Thursday.

A CNN/Opinion Research Corp. poll of 1,096 Americans conducted earlier this week found the percentage of people who believe the economy is in a serious recession has grown to 42 percent from 32 percent in mid-October.

Overall, 89 percent of those polled believe the nation is in some form of recession – serious, moderate or mild. That's up from 76 percent in mid-October, a few weeks before the election.

On Monday, the first of the two days in which the survey was conducted, private economists making up the National Bureau of Economic Research stated the economy has been in recession since December 2007. Only 10 percent of those polled said the nation is not in recession.

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Filed under: Economy