Fact Or Fiction, Americans Blame Media For Economic Friction
The survey, which was conducted last month via telephone, found that 77% of respondents believe fear mongering by U.S. media outlets is negatively impacting consumer confidence in the economy.
According to the most recent consumer confidence index released by the Conference Board on Tuesday, the confidence American consumers have in the economy fell to an all-time low in December.
The majority of those surveyed by ORC singled out the financial press as a primary culprit influencing consumer sentiment about economic conditions.
"By focusing on and embellishing negative news, is damaging consumer confidence and damping investment, making a difficult situation much worse," the ORC study concluded.