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Fourth Allstate National Journal Heartland Monitor Poll Part 1

Finds Expectations of a Better 2010 Despite Pessimism About the Effect of Economic Policies on the Middle Class

Jan. 14, 2010 Washington, D.C. -

The Allstate Corporation (NYSE: ALL) and National Journal today announced the results of the fourth Heartland Monitor, the latest release in a groundbreaking series of surveys that has delivered new insights on how Americans are navigating the post-recession economy, their faith in key institutions and their concerns about the future.

This installment, which serves as a definitive portrait of the country's mood one year after President Obama's inauguration, finds growing dissatisfaction among Americans regarding the state of the country and the impact of economic policies on their lives.

"Americans are taking control of their financial lives in the face of continued economic uncertainty and concern over the country's direction," said Thomas J. Wilson, Allstate chairman, president and chief executive officer. "Almost half of consumers state they have made major cuts in spending, and 32 percent have withdrawn savings or pension funds to make ends meet. They also feel they are going it alone without much help from government or business. As a result, they are very interested in improving their financial expertise. Allstate has a responsibility to meet this need, and we will work to educate and empower middle class Americans to make good financial choices."

The latest survey finds 55 percent of Americans believe the country is on the wrong track - the highest percentage yet in the Heartland Monitor series. In addition, President Obama's job approval rating has dipped to its lowest position in the series, to 47 percent, but 52 percent believe the country is beginning to move in the right direction because of his policies. Opinion on the administration's economic policies is divided, with Americans split over whether they have been ineffective while raising deficits (46 percent) or have prevented an even worse crisis and set the stage for recovery (43 percent).

To Be Continued...

About Author David Lipsky :

David Lipsky
Advocate for Allstate
<a href=<a href=">" target="_blank">></a> Allstate Insurance</a>

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Article Added on Thursday, March 11, 2010
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