Economically Speaking, We Aren’t Feeling So Hot

May

According to a new Manhattanville College poll, about half of Westchester and Putnam county residents think their family’s financial condition is at best fair, or even poor.

I mentioned the poll in today’s column. In a statement, Richard Berman, the college’s president said: “The psychological impact of the economic decline continues to influence the mind-set and behavior even in the so-called affluent suburbs.

“We see little improvement in perceptions of the economy and people continue to modify their spending behavior in response to personal economic circumstances or their general concerns about the future.”

Berman will talk about the poll in a little more depth on Thursday’s “High Noon” radio show on WVOX, 1460 AM and wvox.com.

This entry was posted on Tuesday, May 12th, 2009 at 11:39 am by Phil Reisman.
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2 Responses to “Economically Speaking, We Aren’t Feeling So Hot”

Young Gun! May 13th, 2009 at 10:16 pm
Phil, have you spoke with the merchants on the Yonkers Main St. and Waterfront??? And how more than 5 businesses closed and more on the way … How could Amicone let this happen? How? I know how…

Get the true story of Amicone’s debacle and how he helped in the demise?

BIG STORY TO BE TOLD! THE TRUE STORY – NOT THE POLITICALLY CORRECT BS YOU GET FROM CITY HALL.
David V. May 24th, 2009 at 3:13 pm
We’ve all had one of those watershed moments when we realize that we’re not as rich as we thought we were. Suddenly, the values of our investments have fallen substantially, and in terms of real estate values, the picture for the future looks dark if you’re an owner depending on properties holding their value or rising in value. At the same time, our incomes are threatened, and in many cases, jobs have been lost or salaries cut.

State and local governments are exacerbating these problems by seeking to relentlessly take and spend ever higher percentages of our incomes.

Something is going to snap, and it’s not going to be pretty when it does.

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