Three Decades of Dwindling Hope for Prosperity
CONSUMER confidence. It has such a reassuring, solid sound. If only it would come back, the economy surely would get better. It was even up a bit in April, the poll takers reported recently, although not nearly as much as last December when hopes were so high for the newly elected President. But such avid attention to the monthly fluctuations has concealed a most troubling trend. Ever since the 1960's, the optimism of Americans about the economy and their own circumstances has gradually deteriorated. And today millions of people view their future with no sense of certainty that things can get better.