Dallas Business Journal - by Tierney Plumb Washington Business Journal
Published: 01-05-09
Seventy-seven percent of Americans think the U.S. media are making the economic situation worse by highlighting negative news and as a result lowering consumer confidence and investment activity.
The survey of 1000 adults was conducted in early December by Opinion Research Corp. which asked: “Do you think the financial press is making the economic crisis worse by projecting fear into people’s minds?”
Broken down by income 79 percent said yes from households making $25000 to $35000 and 78 percent said yes from households making $75000 or more.
By demographic 85 percent of 18-to-24 year olds said yes while 65 percent of African-Americans agreed.
“Although statements by the media are protected by the First Amendment the survey results demonstrate that the public believes that the press bears some responsibility for the lack of confidence in the economy” said Richard Scheff vice chairman and partner with Philadelphia-based law firm Montgomery McCracken Walker & Rhoads in a statement.
