Siena Poll Reveals Concerns Keeping New Yorkers Up At Night
The newest Siena College poll published July 7, 2021, has some interesting, mixed findings. The poll was conducted June 16 through 29 and surveyed over 800 New York adults. The results of the poll show how state residents are feeling about certain economic issues.
It turns out that 54% of respondents feel that the high gas prices are a big concern for them and increasing prices at the pump could significantly impact their finances. Another big worry surrounds the increasing cost of groceries. I know that my family's grocery bill has gone up significantly from before the pandemic and I find myself being more careful about choices I make at the store.
Even though New Yorkers polled have concerns about the increased cost of gas and groceries, many reported that they still intend to make big purchases soon, like furniture and appliances, and actually feel better overall, regarding the economy than they did a year and a half ago.
According to the report, overall, New York is up 17 points from the early COVID pandemic days and the way people felt at that time. Consumer demand for products in our state is fairly high right now, especially when it comes to supplies for home improvement projects, automobiles, and furniture. That doesn't mean New York State's economy is going to be blasting toward recovery from the shutdown. In fact, according to Dr. Doug Lonnstrom, professor of statistics and finance at Siena College and SCRI Founding Director, "inflation, could slow this recovery”.
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