Wednesday, February 13, 2019

Completely Back from the Recession

Americans' optimism about their personal finances has climbed to levels not seen in more than 16 years, with 69 percent now saying they expect to be financially better off "at this time next year," according to a new Gallup survey. That's only two percentage points below the all-time high of 71 percent, recorded in March 1998.

Ten years ago, as the Great Recession neared its end, the percentage saying their finances had improved from the previous year was at a record low of 23 percent. More than half the public, 54 percent, said they were worse off. Now, the number saying they are worse off than a year ago has dropped to 26 percent, the lowest level since October 2000.

Fifty percent say they are better off today than they were a year ago. That 50 percent represents a post-recession milestone - the first time since 2007 that at least half of the public has said they are financially better off than a year ago.


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