Californians Worried about Economy
Read the original story. Click the "LISTEN" button at the bottom of the page to hear the story. When you are done, click the "NEXT" button.
Inflation Fears Have Californians Uneasy About Economy
Fear of inflation and rising gas prices has many Californians 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 little more 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 their own 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 of inflation. 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 were already 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 ultimately surveyed 465 registered. The sample has a margin of error plus or minus 4.8 percent.
(This story was provided by News10 KXTV Sacramento.)