Californians pessimistic about state economy

January 3, 2008 - 0:0

SAN FRANCISCO (Reuters) -- Most Californians believe the state is in a poor economic condition that will continue through 2008, according to a recent poll.

Fifty-two percent said California was in bad economic times, and 20 percent said it was in good economic times.
When asked about the next 12 months, 70 percent said they expected the state's economy to worsen or stay the same.
The last time a majority of Californians thought the state was in good economic condition was 2001, when 69 percent of the respondents said the state was in good economic times.
In the most recent poll, 49 percent of the respondents said they expected no change in their personal situations during the new year. Among those foreseeing a change, more than twice as many expect to be worse off financially.
The survey was conducted by The Field Poll, which spoke to 649 registered California voters between December 10 and December 17. The survey's margin of error is +/- 4 percent.