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According to the most current research by company TNS, people in debt still feel quite negatively about the state of the United States economy. According to the study, their concerns about the economy haven’t changed at all since September. An overwhelming majority, sixty four percent of consumers who were surveyed held a position that things had taken a turn for the worst at that time. On the other side of the fence, unlike Americans struggling to survive in debt, business executives surveyed that pull in between three million to two billion dollars have a much more positive outlook on the situation.

Despite the fact that debtors felt a little more positively about the economy potentially getting better in September, their opinion was markedly more negative in December. The survey showed that a larger majority of consumers, about sixty six percent, strongly felt that they will be reducing their personal spending and struggling more financially over the next six months.

Even though the executives surveyed were more likely to believe that the economy will recover in the next coming months, consumers remain wary. This might be chalked up to the fact that these obscenely rich millionaires don’t have much reason to worry about anything financially related any time soon. The current economic situation has almost every typical American stuck in cost cutting mode, with the exception of these top executives who sail in yachts and enjoy caviar while sick people are struggling to pay doctor’s bills. It seems as though debtors may have a more realistic take on the situation; most companies are planning to continue to aggressively search for ways to cut costs in the next year. Fifty two percent of these companies surveyed said this includes layoffs and pay cuts for the average American.

And despite the fact that executives remain footloose and fancy free, they concede that the unemployment problem in America will only get worse before it improves. After all, why cut their salaries when they can lay off the average Joe? For example, Walmart recently laid off 11,200 Sam’s Clubs Employees, choosing to outsource the positions for cheaper pay instead. And even if the recent studies suggesting that the jobless rate has been shrinking are correct, there is no denying that no new jobs are being created.

Obviously, this information has its effects on the collections industry. As a writer who focuses on this subject, I see more and more blogs and news articles about debt collectors growing more persistent and aggressive, and more and more bloggers complaining about collection agencies. According to them, debt collectors should be the only ones prospering in the economy. But clearly, they haven’t been. It just seems like these rich executives are the only ones doing that well. The simple fact of the matter is that when consumers just don’t have the money or the means to repay a delinquent account that they took out before their financial situation went downhill, things get tougher for both the debtors and the collectors.

Mallory Megan works for Rapid Recovery Solution and writes articles on commercial collection agencies.