Americans most positive about finances since 2002: poll

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More than half of Americans feel confident about their current financial situation, the highest level since 2002, according to a new survey.

A Gallup poll released Tuesday found that 56 percent of respondents felt positively about their finances, with 12 percent rating their personal financial holdings as “excellent” and 44 percent rating them as “good.”

That overall confidence score is 10 points higher than in 2015, according to a Gallup poll taken at the time.

{mosads}Of those surveyed, 57 percent said that their financial outlook was improving year-to-year, an uptick of 10 points over a Gallup survey taken in 2016, according to a press release. That percentage is also the highest registered in Gallup surveys since 2002.

Sixty-six percent of those surveyed said that they have enough personal wealth to live comfortably, according to Gallup, while 33 percent say they are struggling to get by.

The number of adults who say they are able to put away money in savings has also slightly increased since 2016, according to the poll. Fifty-six percent say they are able to do so, while 26 percent say they are just making ends meet, according to Gallup.

A quarter of Americans polled said that they worry about making ends meet all or most of the time, compared to 37 percent who said the same in 2008.

The Gallup survey comes on the heels of a reading from the American Institute of CPAs, which found that Americans’ personal financial satisfaction reached a record high in the first quarter of 2019 after recovering from a drop in 2018.

Tags American public finances Gallup poll savings taxes

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