2/3s of Americans Can't Define the word Recession

Here is another sign that Americans are clueless when it comes to economic matters.

Nearly half the survey respondents, 46 percent, believed a recession
was already under way.The conviction comes despite a 3.4 percent rebound in
economic growth during the second quarter, according to Commerce Department data released last week.

A recession is generally defined as two consecutive quarters of
declines in gross domestic product.

There still hasn't been 1 quarter of declines in GDP. It slowed to 0.6% in the first quarter but didn't go negative at any time. I guess this is another sign that Americans cannot be trusted to handle their own Social Security money. They will probably blow it on lottery tickets or a new deck or something. Also this same ignorance is what keeps the Mutual Fund industry knee deep in bags of money.