Is All That Angst Misplaced?

America can't return to the security of the '60s, but job gains and rising wages show the worst is probably over

Ask Americans what worries them about the economy, and they'll tell you straight out: Almost everything. Slow growth. Unemployment. Inflation. Foreign competition. Somewhere along the way, they say, America has gotten off track. "I don't think you can say to your kids anymore, `If you study hard and play by the rules, things are going to be O.K.,"' says Stephen D. McGregor, 44, a public-relations executive at a Dallas technology company who in the past five years has been laid off by both American Airlines and MCI. "You can't promise that anymore."

To continue reading this article you must be a Bloomberg Professional Service Subscriber.