FOSTER CITY, Calif.,
Oct. 15, 2019 /PRNewswire/ -- The
Federal Reserve cut interest rates, the trade war between the U.S.
and China is curtailing investment
and there has been a decline in the gross domestic product (GDP).
Despite signs indicating an economic slowdown, a survey released
today by MyBankTracker.com, a comprehensive resource for financial
products, shows half of the Americans polled do not foresee
suffering through a recession in the near term.
Respondents in the soon-to-retire category tended to be the most
optimistic, though this age group is most likely to feel the pinch
in the event of an economic downtown. The survey asked people when
they expect the next recession, and got a range of answers. Of
those polled:
- 54% of those aged 55-64 do not foresee a recession 'any time
soon'
- 52% of men vs. 48% of women do not foresee a recession in the
near future
- 49.6% of all respondents do not think there will be a recession
'any time soon'
- 26.9% expect a recession some time in 2020
- Only 8.7% expect a recession by the end of 2019
"Regardless of how Americans foresee the economy in the near
future, there should be no drastic changes in how personal finances
are handled," advises Jason Reposa,
CEO of MyBankTracker.com. "Consumers should always maintain an
emergency fund, look to remain employable, and keep a long-term
investment strategy. This approach is essential to protect against
any financial disaster, whether the economy is good or bad."
The study of 814 respondents was conducted in September through
Google Surveys on behalf of MyBankTracker.com (MBT), a QuinStreet
website. To read an overview of the survey and its methodology,
please visit:
https://www.mybanktracker.com/open-data/surveys/study-americans-predict-recession-302659
About MyBankTracker.com
MyBankTracker.com is owned and operated by QuinStreet, Inc.
(Nasdaq: QNST), a pioneer in delivering online marketplace
solutions to match searchers with brands in digital media.
QuinStreet is committed to providing consumers and businesses with
the information and tools they need to research, find and select
the products and brands that meet their needs. MyBankTracker.com is
a member of the company's expert research and publishing
division.
MyBankTracker.com is an independent comparison website helping
consumers make smart banking and financial decisions. The mission
is to match consumers to their perfect bank by providing and
tracking in-depth information on more than 5,000 banks, credit
unions and financial products. Using a combination of technology
and money management expertise, MBT provides personal finance
comparison tools and educates consumers to optimize their
relationships with banks and lenders.
Website: https://www.mybanktracker.com
Twitter: @mybanktracker
Facebook: https://www.facebook.com/mybanktracker
Media contacts
Amy Eury
Public Relations Manager
412-532-9352
aeury@quinstreet.com
Or
Liberty Communications for QuinStreet
Rick Judge
415-429-5652
QuinStreet@libertycomms.com
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SOURCE QuinStreet, Inc.