Americans Feeling the Flavor

I don’t care what the cause of this is, political, social or otherwise. I’m just glad to see it.

The read-through from an investor perspective is to respect animal spirits and not be looking to fade every single positive development. Pessimism stopped being sexy a long time ago, get with the program.

Here’s Gallup’s just out Personal Financial Assessment data:

Americans are more upbeat about their personal finances today than at any time in the past 10 years, with 49% saying they are financially better off than they were a year ago. This is up from the 44% who felt financially better off at the same time last year and from a low of 23% in 2009, more than a year into the Great Recession.

These data are from a Gallup survey conducted Jan. 4-8, before the inauguration of President Donald Trump. The last time this many Americans felt financially better off was in January 2007 (50%). While the current percentage saying they are better off still isn’t at the majority level, it is relatively high compared with most measurements in Gallup’s 41-year trend.

These data are from a Gallup survey conducted Jan. 4-8, before the inauguration of President Donald Trump. The last time this many Americans felt financially better off was in January 2007 (50%). While the current percentage saying they are better off still isn’t at the majority level, it is relatively high compared with most measurements in Gallup’s 41-year trend.

Josh here – Gallup says that “Currently, 66% of Americans expect to be financially better off a year from now.” Let’s hope they’re right, regardless of why. Let’s also hope this optimism is channeled into a renewed focus on building, saving and investing for the future.

Source:

Americans’ Personal Financial Assessments Best Since 2007 (Gallup)