While the economy may be showing signs of improvement, many Americans think the gains won't make a bit of difference to their personal bank accounts, new analysis shows.
A study from research firm GfK revealed that, even though nearly half of all American adults expect the U.S. economy to improve over the next 12 months, 21 percent doubt that national economic prosperity will trickle down to them personally.
The research shows that the majority of those who expect no personal benefits from an economic upswing are precisely the population on which the economy depends. Just over three-quarters are of working age, including 34 percent between the ages of 30 and 49.
Overall, 24 percent of Americans expect the economy to stay the same, while 15 percent predict it will get even worse.
Christopher Fleury, vice president of GfK Public Affairs & Corporate Communications, believes President Barack Obama and Republican presidential nominee Mitt Romney should use their second debate to convince voters that the candidates’ individual plans to improve the national economy will translate into good news for individual Americans.
"The town hall format of the second debate is the perfect forum for the presidential candidates to speak to what their policies will mean for Americans’ personal finances," Fleury said. "Voters want to see that the candidates 'get it' that an improving economy overall needs to improve the financial well-being of individual Americans, too."
The research was based on surveys of more than 1,500 U.S. adults, including 807 likely voters.