A Hard Reality of Job and Pay Cuts Fuels the Public's Economic Anxiety

A hard reality is fueling the public's economic anxiety: One in three Americans have sustained a job loss or pay cut within their own household, and far more – three-quarters of the public – say it's happened, if not at home, then to a close friend or family member. Those experiences are rippling through the economy, this ABC News/Washington Post poll shows, heightening stress, sapping confidence and encouraging spending cuts – all in turn, as President Obama said Tuesday, exacerbating the...Full Story