Americans are feeling good about their finances.
More than two in three (69%) Americans say they expect to be financially better off “at this time next year” than they are now, according to a Gallup poll released this week. That’s a 16-year high, and only two percentage points below the all-time high of 71% from March 1998.
What’s more, half of Americans say they are better off now than they were just a year ago. That’s “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,” Gallup writes it in its report.
These are numbers that show relatively high levels of optimism, at least in a historical context. “Only 11 times in 109 polls stretching back to 1976 have at least half of those polled said they were in better financial shape than they had been a year prior,” Gallup writes in its report. “Only once in 114 polls going back to 1977 have Americans been more optimistic about their personal finances in the coming year than they are today.”
But all this optimism about how next year is going to be great financially might be a little much -- at least according to some financial indicators.
Read more in Market Watch.