American Workers Expect Another Recession, But Not a Raise

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9 in 10 American workers do not expect an increase in salary to account for the rising cost of goods. Most workers(70.2%) are also worried about another recession.

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  • American Workers Expect Another Recession, But Not a Raise

    1. 1. Special Report:<br />American Workers Expect Another Recession, But Not a Raise<br />American Pulse™, June-2011<br />5,242 respondents participated in the 1st June American Pulse conducted 6/7-6/9/2011. Margin of error is +/- 1.4%.<br />BIGresearch® <br />400 W. Wilson Bridge Rd.<br />Suite 200<br />Worthington, OH 43085<br />Ph: 614-846-0146<br />© 2011, Prosper®<br />
    2. 2. Is another recession just over the horizon?<br />How worried are you that the U.S. government will slip into another recession this year? (American Workers)<br />A majority of American workers are at least somewhat (if not very) worried that the U.S. might slip into another recession.<br />Source: American Pulse™, June-2011, N=5242<br />© 2011, Prosper®<br />
    3. 3. Women in the Workforce are Slightly More Worried Than Men<br />How worried are you that the U.S. government will slip into another recession this year? (Workers By Gender)<br />Female workers appear more worried about another recession than their male counterparts, while more men in the workforce are not at all or not very worried.<br />Source: American Pulse™, June-2011, N=5242<br />© 2011, Prosper®<br />
    4. 4. Only 1 in 10 American Workers Expect Pay Increase to Account for the Rising Cost of Goods<br />Do you think that you will receive an increase in salary to account for increasing gas and food prices? (Workers)<br />What are you doing to prepare for rising prices (gas, food, clothing) if you expect your salary to remain the same? Top 3:<br /><ul><li> Only buying what I need: 70.5%
    5. 5. Driving less: 63.4%
    6. 6. Spending less on clothing: 58.9%</li></ul>9 in 10 working Americans aren’t expecting a pay raise to cover the rising cost of goods, and most are focusing on the necessities, driving less and spending less on clothing.<br />Source: American Pulse™, June-2011, N=5242<br />© 2011, Prosper®<br />
    7. 7. When cutting down on spending, women win!<br />What are you doing to prepare for rising prices (gas, food, clothing) if you expect your salary to remain the same in the next year? (Check all that apply)<br />Female workers are more likely than male workers to prepare for having less disposable income, especially by focusing on the necessities.<br />Source: American Pulse™, June-2011, N=5242<br />© 2011, Prosper®<br />
    8. 8. Contact<br />For media inquiries:Chrissy Wissinger, Communications Manager chrissy@bigresearch.com<br />Randi Honkonen, Analyst<br />randi@bigresearch.com<br />614-846-0146<br />Disclaimer<br />BIGresearch® is a registered trademark of Prosper Business Development Corp. Services are delivered by Prosper and/or a Prosper affiliated company (“Prosper”). Prosper makes no warranties, either expressed or implied, concerning: data gathered or obtained from any source; the present or future methodology employed in producing BIGresearch® statistics; or the BIGresearch® data and estimates represent only the opinion of Prosper and reliance thereon and use thereof shall be at the user’s own risk.<br />

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