Little Love for Wall Street Five Years Post-Crash

Published on
by
Common Dreams

Little Love for Wall Street Five Years Post-Crash

by
Andrea Germanos, staff writer

Five years since the financial crisis began, Americans' animosity toward Wall Street rages on.

A new NBC News / Wall Street Journal poll shows 42% have a negative view of Wall Street firms. NBC points out that "That is the lowest rating of any institution included in the poll."

52% of those polled said they have been at least somewhat affected by the Wall Street crisis.

People also expressed pessimism about the economy; only 27% said the economy would improve in the next year.  And of those respondents who described themselves as middle class, 43% said it was at least somewhat likely they'd fall out of middle class in the next five to seven years.

9% of respondents said they made $30,000 or less a year.  That's up from just 5% from a 1998 poll.

At the opposite end of the spectrum, 23% said they made over $75,000 a year, up from just 9% in the '98 poll.

The poll results of growing inequality come on the heels of a new analysis showing how the "1%" has thrived far above everyone else since the 2008 crash.

Further dislike for Wall Street may be fueled by the fact that top CEOs of firms that led the crash are not in jail but instead are "living large in post-meltdown world."

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