Many people in California are worried. They are concerned about the prices of gas and other things going up.
A poll was recently done. It asked people questionsabout the state’s economy. Almost half of the people who were asked said that times are bad for the state’s economy. Only about one-fourth of the people felt that the economy was good.
Quite a fewpeople felt that their own finances were doing pretty good. They thought that they were better off now than they were a year ago. Because of this, it was surprising to see that so many people wereworried about the state’s economy.
It is believed that most concerns are from rising gas prices. Once a big hurricane struck, prices got even higher.
Four hundred and sixty-five adults were surveyedduring this poll. They were chosen randomly.
Californians Worried about Economy
Inflation Fears Have Californians Uneasy About Economy
Fear of inflation and rising gas prices has manyCalifornians pessimistic about the state's economy, according to a new poll.
The Field Poll found 49 percent of those surveyed said these are "bad times" for the state's economy. That's a littlemore than double the 24 percent who described the state as being in "good times."
The negative responses about the economy are particularly surprising, since 41 percent of poll participants said theirown financial condition is better now than it was a year ago.
The poll was taken in August, before Hurricane Katrina. Nearly half the registered voters surveyed said they feared an outbreak ofinflation. Field pollsters said this was its most pessimistic finding on inflation since the recession of 1992.
One pollster said the poll results were likely prompted by climbing gas prices, which werealready on their way up before Katrina disrupted refining and distribution.
The survey was conducted by telephone from August 19-29 and reached 615 California adults chosen randomly. Pollsters...