7 Out of 10 Americans Agree That Economy is Rigged Against Them

Common Dreams – by Nika Knight – Tuesday June 28, 2016
occupy
Photo: Nearly one-third of Americans polled said they are losing sleep over their financial situation. (Photo: Michael Fleshman/flickr/cc)

A new Marketplace-Edison Research poll published Tuesday found that a full 71 percent of respondents agree that the economy is rigged, affirming the popular rhetoric of the current presidential campaign season.

The majority opinion held firm across ethnicity, class, age, and gender differences. A whopping 83 percent of African Americans polled agreed that the economy is rigged, and 80 percent of people ages 18-24 also held that opinion.

The poll, which has been tracking rising economic anxiety, discovered that most Americans agree that the economy was better for their parents’ generation, and believe that the economy will be worse for the next generation.

Perhaps the perception of a rigged economy is because people are working harder for increasingly less financial security.

The poll found that nearly one-quarter of respondents hadn’t taken a single vacation for over five years, while nearly 50 percent also confirmed fearing that they might lose their job within the next 12 months.

Moreover, 71 percent said they were afraid of an unexpected medical bill and 53 percent feared being unable to make a mortgage payment. Of renters, 60 percent fear being unable to pay rent.

Meanwhile, the poll fond that Wall Street and banks are viewed in an unfavorable light: nearly 60 percent agreed that Wall Street does more to hurt than help the majority of Americans, and 56 percent agreed that the U.S. government should break up banks deemed “too big to fail.”

A majority of 54 percent also felt that the decline in U.S. manufacturing jobs was a result of so-called “free trade” deals, rather than “natural changes in the economy,” as the poll put it.

The poll’s questions were familiar to many of those following this year’s presidential election, as presidential hopeful Bernie Sanders made the phrase “rigged economy” and his critique of trade deals into touchstones of his campaign:

Bernie Sanders
@SenSanders

The truth is, we have a rigged economy. It is unsustainable. It is not moral. And it’s not the economy we need to be a great nation.
5:48 PM – 24 Apr 2016

Bernie Sanders
@SenSanders

The fact of the matter is trade agreements pushed by corporate America are very good for CEOs, but disastrous for American workers.
5:31 PM – 24 May 2016

Following the shocking success of Sanders’ outsider campaign, current front-runners Donald Trump and Hillary Clinton have both co-opted Sanders’ language in an attempt to woo his supporters.

“It’s not just the political system that’s rigged, it’s the whole economy,” Trump said during a speech last week, while Clinton on Monday told a crowd, “To build an economy that works for everyone, not just those at the top, we have got to go big and we have got to go bold,”

Read entire rticle here

Posted by Teri Perticone

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