Reflecting on their personal financial situations, 35% of Americans say they are better off now than they were a year ago, while 50% are worse off. Since Gallup first asked this question in 1976, it has been rare for half or more of Americans to say they are worse off. The only other times this occurred was during the Great Recession era in 2008 and 2009. On the other hand, today’s “better off” percentage is not unusually low, having descended to 35% or lower during other challenging economic times. …
High inflation and other challenging economic factors have not dampened Americans’ expectations about their financial situations in the year ahead. Sixty percent expect to be better off a year from now, while 28% predict they will be worse off. CONTINUED
Jeffrey M. Jones, Gallup
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