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Orange County Economy Residents' evaluations of the local economy have improved somewhat, though most say that economic conditions are mediocre and fewer than half expect to see improvements within two years. Nearly three in 10 (28%) say the Orange County economy is in excellent or good condition today, 54 percent say it is fair and 17 percent say it is poor. One percent are unsure. Compared to the 1993 survey, there has been an increase in excellent and good ratings (20% to 28%) and fair ratings (49% to 54%), while poor ratings have declined sharply (30% to 17%). There are no differences in evaluations of the Orange County economy today by age, household income or region. As for the future, 43 percent expect the Orange County economy to be in better shape two years from now than it is today, 38 percent expect it to be the same and 16 percent think the local economy will get worse. Three percent are unsure. The expectations for the future are somewhat more optimistic than the 1993 survey, when 41 percent expected the local economy to improve within two years, 33 percent thought it would stay the same and 23 percent expected things to get worse. This year, 40 percent of those earning $50,000 or less
expect the economy to improve two years from now, compared with 48 percent
of those with higher incomes. Following a similar pattern, those in
the Central County are the least likely (36%) and those in the South
County are the most likely (49%) to expect that the local economy will
improve. There are no major differences across age groups. |
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