Most Kentuckians aren't too confident the worst of the recession is over, according to a new Kentucky Poll.
The poll by WKYT, WYMT, WAVE and The Herald-Leader found only 23 percent of Kentuckians are optimistic about their family's upcoming financial situation. Thirty-nine percent are pessimistic while 38 percent aren't sure.
When it comes to fixing problems facing the nation’s economy, 56 percent of the 600 people polled think the government is trying to do too much. Thirty-two percent think more government intervention is the answer while 12 percent aren't sure.
The results of the poll come as Americans gave retailers a respectable spring selling season, resulting in a slew of stores raising their earnings outlooks.
Though April shopping fell off from March's blistering pace, the full spring picture shows consumers more willing to buy higher-priced merchandise and pay full price. Those are encouraging signs for the economy, but the path to recovery is still expected to be rocky.
In fact, Thursday's steep drop of nearly 1,000 points before the stock market recovered two-thirds of its losses could rattle consumers just as they are starting to see their confidence increase.
The Research 2000 Kentucky Poll was conducted from May 2 through May 4, 2010. A total of 600 likely voters who vote regularly in state elections were interviewed statewide by telephone.
Those interviewed were selected by the random variation of the last four digits of telephone numbers. A cross-section of exchanges was utilized in order to ensure an accurate reflection of the state. Quotas were assigned to reflect the voter registration of distribution by county.
The margin for error, according to standards customarily used by statisticians, is no more than plus or minus four percentage points. This means that there is a 95 percent probability that the “true” figure would fall within that range if the entire population were sampled. The margin for error is higher for any subgroup, such as for gender or party affiliation.