About the Author

Richard Cochrane is trained in chemistry and metallurgy but is far more interested and practiced as a political and fund raising consultant, writer and amateur historian. He grew up in a Navy family and with his two younger brothers carried on its 500+ year tradition of naval service to Great Britain and the USA then enjoyed a career with one of the largest advertising and public relations agencies working with numerous Fortune 500 companies and many of America's premier educational institutions. He maintains friendships and acquaintanceships around the world. He lives in Santa Barbara, California.

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Fear Grips America Over Financial Problems

October 6th, 2008 • Richard Cochrane

53% Angry; 41% Afraid and 69% Expect Harm.

A USA Today/Gallup poll finds 53% of Americans describing themselves as “angry” about the financial crisis that has gripped the nation the past two weeks. Fewer Americans, but still a substantial 41%, say the recent events have made them feel “afraid.” 63% of college graduates say they have felt anger over the recent events in the financial world, compared with 50% of non-graduates (and only 43% of those who have not attended college).

 Women (49%) are significantly more likely than men (32%) to say they have felt afraid as a result of the economic problems, but it is unclear whether this reflects a real difference in response to the events or a typical pattern in poll results by which men appear more reluctant than women to express fear. 56% of Americans say their finances have already been harmed “a great deal” (20%) or “a moderate amount” (36%) by the events of the last two weeks. Only 16% say their own financial situations have not been harmed at all.

 An even higher 69% of Americans expect their finances to be harmed by the recent events, as well as any future problems that result from them. Only 7% expect to totally avoid any repercussions.

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