Despite a turnaround in the stock market and signs of recovery, a new survey by Citigroup [C] revealed that American consumers still feel pessimistic about the economy, both nationally and locally.

The telephone survey conducted by Hart Research Associates found that consumers feel their personal financial situation is little or no better than it was a year ago. The survey was conducted with 2,002 adults nationally from March 15 to 25, and has an overall statistical margin of sampling error of plus or minus 2.5 percentage points.

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