Gallup editor: Americans optimistic despite worsening view of personal finances

Gallup editor-in-chief Mohamed Younis said Thursday that Americans “see a light at the end of the tunnel” despite their worsening view of their personal finances. 

A Gallup poll determined that 35 percent of Americans reported being financially better off compared to a year ago, falling from a record-high of 59 percent who said the same in 2020.

On Hill.TV’s “Rising,” Younis contrasted Americans’ opinions about their finances now compared to during the 2008 economic crisis, noting that less people now than during the Great Recession are expecting things to be worse off in the future.

“There’s a lot of pessimism about the current moment, but there was still a pretty high level of optimism when we ask people where they'd be next year,” he said. 

“Unlike many of the metrics in 2008, it does seem that on the whole, people are more optimistic about kind of coming around the corner from this economic crisis,” Younis added. 

He reported that 63 percent of Americans said they expect to be better off in 2022 compared to this year, but added “obviously optimism doesn’t mean that’s what’s gonna happen in the future.”

The Gallup poll surveyed 1,023 adults living in the U.S. between Jan. 4 and 15. The margin of error was +/- 4 percentage points.