Americans Depressed About Economy, Housing

Washington, D.C.–American citizens view the economy as bleak and feel housing is in serious trouble, according to a Reuters/Zogby poll released Wednesday.The index–which measures the mood of the country–dropped from 99.3 in February to 87.7, the lowest level since the index began last July, the New York Times reports.The unstable stock market, mortgage meltdown and recession fears have helped dampen economic sentiment. Another Reuters/Zogby poll showed that almost three in four Americans thought the U.S. economy was in a recession and felt the housing market would not improve soon.