American economy maybe down, but improving: Poll

Washington, Apr 19 (ANI): The US economy maybe be largely declining but could improve in the coming days, a latest CBS News poll has revealed.

As President Obama and presumptive Republican presidential nominee Mitt Romney lay out their competing economic visions, most Americans are confident both candidates can handle the economy.

According to the poll, seven in ten Amercians feel the economy is in bad shape, while a 27 percent, think the economy is in somewhat good shape.

Another 28 percent feel the economy is getting worse, as opposed to 38 percent who believed there is change.

Nearly four in 10 say that they have been falling behind financially over the past two years. A 16 percent said they have been getting ahead while a 43 percent say they have been staying even.

Results of the poll said that those with relatively higher incomes are less likely to be concerned about day-to-day bills. However, healthcare concerns span all income levels.

Almost half of the working Americans reported their jobs as being very secure, while a third felt it is 'somewhat secure'. 34 percent of working Americans claimed that they have had their salaries or wages reduced as a result of economic conditions. (ANI)