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ECONOMISTS OPTIMISTIC - WORKERS, NOT SO MUCH

Posted by Admin Posted on Jan 25 2011

A poll of 46 economists in USA today finds them predicted annualized growth of more than 3% for 2011, and unemployment might drop to 9% by the end of the year.  Marc Zandi, Chief Economist of Moody's Analytics, expects more than 4% growth as business invest and hire more in reaction to stronger sales.  http://www.usatoday.com/money/economy/2011-01-24-1Aecon24_ST_N.htm

Meanwhile, a survey from the Employee Benefit Research Instiitute concludes only 12% of workers 55 and older, and only 5% of younger workers think they will get the same Social Security benefits as current retirees.  Only 77% think they will receive any Social Security benefits at all. 

Surprisingly, although Medicare has more financial difficulties than Social Security only 65% of workers are not too confident or not confident at all that Medicare benefits will continue at their current levels.

You can find the EBRI survey results at http://www.ebri.org/pdf/surveys/rcs/2010/FS-06_RCS-10_SocSec-Med.pdf

 

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