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Upstaters Continue To Worry About The Economy

A new survey shows that a majority of people living in Upstate New York are worried about their personal finances.

The Times Union/Siena College poll shows that 58 percent of upstaters say it is somewhat or completely true that they spend more time than before worrying about money.

Nearly two-thirds think that the country's best economic days are behind us and that the next generation will have to accept a lower standard of living; and 68 percent of those surveyed believe that a young person coming of age today in Upstate New York has less opportunity for success than someone 25 years ago.

The survey shows that only 30 percent of upstate residents believe the economy in general is going to improve over the next 12 months.

Siena Research Institute Director Don Levy says that since the recession in 2007, Upstate New Yorkers have continued to use a number of strategies to cut spending, including using coupons, delaying major purchases and withdrawing money from savings or retirement accounts.

Randy Gorbman is WXXI's director of news and public affairs. Randy manages the day-to-day operations of WXXI News on radio, television, and online.