Polled: Many Americans think debt celing deal will hurt economy
Category: News and Notes- fhuff- 3:20 pm/ August 3, 2011A large percentage of Americans believe that the agreement to raise the debt ceiling and cut the federal deficit will make the economy worse. A USA Today/Gallup Poll taken just hours after President Obama signed the deal found that 46 percent of people disapproved of the agreement, compared with 39 percent who approved.
The poll found that 41 percent said the deal will make the economy worse and 17 percent said it will make it better. About a third of those surveyed said the agreement won’t really matter. Along party lines the poll found that 22 percent of Tea Party supporters approved the deal, compared with 26 percent of all Republicans surveyed and 58 percent of Democrats.
Regardless of how you feel about how the agreement will affect the economy it’s a good idea to review your financial strategy. Beefing up your savings is just one way to prepare yourself for more tough economic times. Find ways to put aside more money into an emergency savings account each month so you aren’t caught unprepared if things really do get worse. You can search for the best interest rate offers on savings accounts here.

