Online poll: Mixed feelings on financial prospects for coming year

More respondents to the cayCompass.com online poll that ran from 17 December through 23 December believed they would have a better financial year in 2013 than in 2012, but more than a third of respondents still thought it probably or absolutely would not be better this year. 

Even more negative early results of the poll changed dramatically on 18 December, the day the Legislative Assembly passed a no-confidence motion against former Premier McKeeva Bush, leading to him being replaced by Juliana O’Connor-Connolly the next day.  

Prior to the ouster, well more than half of respondents thought that 2013 probably or absolutely wouldn’t be better than 2012 for them financially.  

The largest segment of the 670 respondents – 181 people or 27 per cent – thought there was a 50-50 chance 2013 would be better for them financially than 2012. 

“If I do not secure employment with a reasonable salary, my family and I are in for rough times,” said one person. 

Another 173 people – 25.8 per cent – believed 2013 would probably not be better than 2012 for them financially, while 59 people – 8.8 per cent – thought it would absolutely not be better. 

“Since the UDP has decimated the economy in Cayman, my real estate investments here are all but worthless,” said one person. “Pathetically low rents and no market for resale. It will be 5 to 10 years before my Cayman finances improve.” 

“With UDP and PPM as the alternative, not a chance,” said someone else. 

“I’m a civil servant,” said another person. “I’ll be lucky if government keeps paying my reduced salary and doesn’t shortchange our pension fund, given some of the things I’ve been hearing lately.” 

“Probably not until something is done about controlling prices of goods, mainly food and fuel on the Brac,” commented one person. “We are rapidly being financially bled to death with the cost of living on Cayman Brac.” 

“With the increased government fees being a deterrent to new business formation, it is the international businesses which will see their bottom lines drastically reduced,” said someone else. “Ergo less employment and smaller wage packets for Caymanians, less expats and subsequently less business for local retailers and restaurant owners.” 

Not everyone was negative; 122 people – 18.2 per cent – thought 2013 would probably be a better year for them financially than 2012 and 135 people – 20.2 per cent – thought it would absolutely be better. Many commented on Mr. Bush’s ouster or the political scene as part of the reason for their vote. 

“With McKeeva going down, I see happy days on the horizon again,” said one person. 

“Yes, with Premier Juliana O’Connor-Connolly in charge,” said someone else. 

“Yes, probably, but this depends on the outcome in the May elections and getting new and young candidates for the next four years,” commented one person. “But yes, I see some light of the day for theses Islands come 2013 and picking up speed during the third quarter and smooth sailing into 2014 and beyond. The time has come for a new Cayman Islands and its people. Be that change!”  

“It certainly will be better if the government gets the lead out and signs the Dart deal,” said someone else.  

“It has to be better since it could not possibly get any worse,” said another person. “At the very least, I am thinking positive.”
 

Next week’s poll question 

What’s your favourite part of Cayman in the winter? 

Cooler temperatures 

Fresh tomatoes and other produce 

Lots of events 

Little rain 

The holidays 

Other (Write in comments) 

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