A Pew Research survey reignites an old debate — at least for me: Are we more glum about the future because the future is more bleak than it was in the Depression? Or are we more glum about the future because we are connected to more information that tells us we should be glum about the future?
During the Depression, the Pew survey says, only 29% thought business conditions would get worse. Fifty percent figured things would get better.
Compare that to an October 2010 survey. Only 35% expect things to get better by this October.
Even in the Reagan recession — when unemployment peaked at 11% — Americans were more hopeful than they are today.
About the blogger
Bob Collins has been with Minnesota Public Radio since 1992, emigrating to Minnesota from Massachusetts. He was senior editor of news in the ’90s, ran MPR’s political unit, created the MPR News regional website, invented the popular Select A Candidate, started the two most popular blogs in the history of MPR and every day laments that his Minnesota Fantasy Legislature project never caught on.
NewsCut is a blog featuring observations about the news. It provides a forum for an online discussion and debate about events that might not typically make the front page. NewsCut posts are not news stories but reflections , observations, and debate.