• Sun
  • Aug 31, 2014
  • Updated: 5:24pm

Poll finds new high in confidence amid crisis

PUBLISHED : Thursday, 28 May, 2009, 12:00am
UPDATED : Thursday, 28 May, 2009, 12:00am

People are more confident than ever in handling the financial meltdown, a survey has found.

In a poll of 920 adults, 35.9 per cent of respondents said they were 'positively coping with' the crisis. This was the highest figure of the seven monthly surveys carried out since November, and was up 1.2 percentage points from last month.

Only 3.9 per cent said they were pessimistic, while 1.6 per cent said they felt discontented - the lowest figures yet for both. Some 40.1 per cent said they felt helpless and 18.4 per cent felt indifferent or had no opinion about the crisis.

On another topic, 37.4 per cent said the credit crunch had not affected their living standards - again the highest figure in all seven surveys and up 7.3 percentage points from last month. On the other hand, 50.8 per cent said there had been 'some impact', 11.4 per cent said there had been a 'very big impact' and 0.4 per cent could not decide.

Among 507 working respondents, 56.8 per cent said they were not worried about losing their jobs, also a high in the research, and 3.8 percentage points up from last month. Some 42.8 per cent said they were worried.

The poll was carried out by Chinese University's Hong Kong Institute of Asia-Pacific Studies. All percentages carried a margin of error below plus or minus 3.23 points. The response rate was 48.1 per cent.

Timothy Wong Ka-ying, associate director of the institute, concluded that the negative emotions brought by the financial crisis were easing.

Status quo

The percentage of respondents who said the credit crunch had not affected their standard of living: 37.4%

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