Economics
Global Crisis Debt Is Fine for Citizens Ruing Tough Times Ahead
- YouGov poll finds backing for fiscal splurge to aid economies
- Consumers have bleak view for their own incomes, living costs
This article is for subscribers only.
People around the world want governments to spend more to help economies survive the coronavirus as they ponder a bleak outlook for their own finances in the coming year.
That’s according to a global survey carried out by YouGov that casts doubt on the prospects for a consumer-driven recovery in 2021. The poll of more than 22,000 people, shared exclusively with Bloomberg, signals that households will cut back spending on entertainment, clothing and food next year, anticipating higher living costs and lower incomes.