Their longer term outlook is even more gloomy, with 69% saying their finances will be harmed in the long run and 28% saying they’ll be harmed a great deal.
The Tuesday night poll of 1,021 adults came the day after the House of Representatives failed to pass a $700 billion bailout to shore up the U.S. financial system, leading to a $1.2 trillion loss in stock values on Wall Street before the market recovered somewhat on Tuesday.
The Senate countered by scheduling a vote tonight on another bailout package after agreeing to a higher limit for insured bank deposits and added tax breaks.
Despite the huge loss on Wall Street following the first failure of the bailout package, only 20% in the poll said Congress should pass a bill like the one they defeated while 57% said Congress should start over but do something. Fourteen percent said Congress should do nothing.