Survey: 1 in 3 believe we're in a depression

A Rutgers survey shows one in three workers believe the country has moved from a recession into a depression. Experts contradict what a third of the common man thinks on the matter. Phil Kirschner, president

News 12 Staff

Apr 10, 2009, 2:24 AM

Updated 5,640 days ago

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A Rutgers survey shows one in three workers believe the country has moved from a recession into a depression.
Experts contradict what a third of the common man thinks on the matter. Phil Kirschner, president of the New Jersey Business and Industry Association, says not only is the country not in a depression, but it's not even in that serious of a recession.
To Kirschner, the numbers indicate a lack of faith in the economy.
"It shows the depths of the anxiety people have ? 91 to 92 percent of people in this country and this state are working, but so many don't feel confident," says Kirschner.