Finance

Poll: Personal finances dramatically improve

People’s personal financial situations have improved dramatically compared to a year ago, according to a Gallup survey released Friday.

Forty-seven percent said they are financially better off now, while 28 percent said they are worse off. A year ago, only 35 percent said their situations were improving and 21 percent said they were getting worse.

{mosads}Young people and those living in middle-income households saw slightly greater improvements.

Nearly two-thirds of the public said they expect to be better off a year from now, and only 15 percent they expect to be worse off.

The worst assessment Gallup measured in the last 40 years was in May 2009, when more than half said their situations were worse and 23 percent said they were better than a year earlier.

The most positive financial assessments were reported to Gallup in the late 1990s and 2000. In 1999, for instance, Gallup said an average of 56 percent said they were better off and 21 percent said they were worse off.

The poll surveyed 804 adults between Jan. 5 and 8 with a margin of error of 4 percentage points. 

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