Poll:  Economy creates holiday woes
December 23rd, 2010
06:00 AM ET
12 years ago

Poll: Economy creates holiday woes

Washington (CNN) - Economic worries are causing holiday stress for a sizeable number of Americans and the financial strain that most are feeling could lead to a drop in charitable donations this year.

According to a new CNN/Opinion Research poll, more than half of the nation says that the economy hasn't made this holiday season more stressful than previous years, but 44 percent say that they are feeling more stress. Nearly six in ten say that economic conditions may force them to cut back on the amount they give to charities.

"The number who admit that economic conditions will make the holidays more stressful has grown a bit since last December," says CNN Polling Director Keating Holland. "That comes as no surprise at a time when more than three-quarters worry a lot about the state of the economy."

The poll indicates that over half of those making less than $50,000 a year say they are feeling stress this holiday season, compared to only a third of those making $50,000 or more. Younger Americans and rural Americans are also more likely to be feeling stressed out due to the economy this year.

As the public feels the pinch this holiday season, so do charities who receive the bulk of their donations. Only a little over one-third of those survey say they will definitely give as much to charities as they did last year, according to the poll; six in ten say that economic conditions may force them to cut back.

The spirit of the season may not be broken, but the economy is casting its long shadow over the nation. More than half of the public worry about keeping up with their bills and over half also say they worry a lot about losing their jobs because of economic conditions. A whopping seven out of 10 say things are going badly in the country; three quarters say they worry a lot about the state of the economy.

The CNN/Opinion Research poll was conducted from December 17-19 among 1,008 adults. It has a sampling error of plus-or-minus three percentage points.

Check out CNN's new Polling Center, which provides the most comprehensive polling data covering national questions and the top 2010 election races of any news organization in the political landscape.

Filed under: Economy • Polls
soundoff (4 Responses)
  1. casiejstrine

    I just found a place called "Printapons" where I can get my fav. restaurant coupon for 90% off!! all you have to do is just print and take it.

    December 23, 2010 06:13 am at 6:13 am |
  2. jules sand-perkins

    How ironic is the situation of a country where the economy, depressed by a prevalent mentality of dependency and entitlement, prevents the normal expression of human charity!
    It is terribly sad that most of us have lost the exciting rush of warmth that used to occur as the sight of a Salvation Army Santa Claus ringing a bell in front of a department store, and the tactile joy of dropping coins into his kettle.
    It was the legal enforcement of charity that removed charity's special joy.

    December 23, 2010 06:21 am at 6:21 am |
  3. Ind_Voter San Diego, CA

    The USA never had a comprehensive program to manage the economy at the macro level. Everything has been and still is being legislated at a highly fragmented approach. The nation has the US Chamber of Commerce, Energy and Transportation industries, and Wall Street lobbyist to name a few who drafting the trade, transportation, energy and financial policies for Congress to enact without any inkling of what this fragmented policy making process will do to the viability of the domestic economy. The electoral process and the Supreme Court have been so corrupted at the expense of the American workers and the country’s future.

    We the American people are a bunch of suckers. For years we had politicians arguing about abortion, gay rights, right to bear arms and other mundane issues in front of the American people to distract us from the most important issues. While Congress, Wall Street, corporate executives and the US Chamber of Commerce were pillaging the countries wealth and exporting American jobs, technology and manufacturing know-how to China and Third World countries.

    December 23, 2010 07:12 am at 7:12 am |
  4. Name king

    I don't know about this poll CNN, from what I can see personally, Americans are out and about spending alot of money this holiday season, they've seem to have a prep in their step and is willing to help out their fellow Americans any which way they can, I know this would be a drag on any one in the best of times, but the nation seems to be pulling together a little, we all need to pull together and make this nation great again, if not only for us but for the next generation. CNN you don't need to put a damper on folks holiday spirit with this insignificant pole. They are doing the best they can.

    December 23, 2010 08:35 am at 8:35 am |