47 million Americans say they are worse off than before big recession: survey

Seven seven million Americans said their financial situation was worse than it was before the big recession, according to a new personal finance website survey Bankrate .no.

Only 51 percent of respondents said their financial situation had improved over their status before the global market collapsed more than a decade ago. The survey indicated that people with a lower level of income or education status were negatively affected, as these groups were more likely to say that their current economic situation was worse than their situation before the major recession. Nineteen percent of men said their general economic situation was worse than it was before the recession, while 27 percent of women said they were worse.

"The echoes of the great recession are still very present in many Americans' economic lives, despite the improvement in the broader economy," Bankrate senior economist Mark Hamrick said in a press release that announced the results of the survey. "While some have managed to thrive in the decade ago, there are still tens of millions struggling to get back to where they were before the economy took a turn for the worse."

While standard economic indicators, such as Jobs growth and unemployment, giving a relatively positive picture of the economy, Bankrate's survey shows another scenario. For two months, the nation's unemployment rate has been 3.6 percent, the lowest price in 50 years. 1[ads1]04 consecutive months, and some recent months have recorded noticeable job growth, and in March 153,000 jobs were created, and in April 224,000 jobs were created. The rally, which fought for its ability to increase the economy, regularly attacks economic indicators.

"While the current economic expansion is on the way to set a record for duration, there will be a decline of some point, we just don't know when," Hamrick said.

The results serve as a calming reminder of the lasting effect of the global economic collapse, which occurred more than ten years ago, despite the positive growth figures now being displayed, in the acute stages of the economic crisis, US households lost nearly $ 5,800 in income, According to The Pew Charitable Trusts, between July 2008 and March 2009, the real estate market fell $ 3.4 trillion across the country and slower economic growth caused the economy

While indicators have shown positive growth for the US economy, analysts have been shy noted that Trump's ongoing trade war with China, which escalated last month, could slow global growth.