Confidence in Bay Area’s economy slipping, new poll finds

Confidence in the Bay Area’s economy has eroded as many residents worry that exorbitant housing costs could help usher in a significant downturn, a new Bay Area Council poll revealed Saturday.

Just 31 percent of those surveyed said they believe the Bay Area’s economy today is better than it was six months ago — a steady erosion from the 35 percent who felt that way last year, 46 percent in 2015 and 53 percent in 2014.

"These results are troubling, and the negative outlook in the Bay Area is a little out of whack with the national results that show rising consumer confidence nationwide," said Micah Weinberg, president of the Bay Area Council Economic Institute.

By GEORGE AVALOS | [email protected]

Full Story: http://www.mercurynews.com/2017/04/01/confidence-in-bay-areas-economy-slipping-new-poll-finds/