Half Of Americans Say Their Financial Situation Is ‘Good’ Or ‘Excellent’

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May 06, 2016

The share of Americans who rate their personal financial situation positively is at its highest level since before the Great Recession and now sits at exactly 50 percent. That is a four percent increase from last year's 46 percent, Gallup reports.

The data was collected from Gallup’s annual Economy and Personal Finance survey that was conducted April 6 through April 10. When the question was first asked back in 2001, a larger portion of Americans were likely to rate their financial situation was ‘Good’ or ‘Excellent.’ In 2003, the share hit its highest point at 57 percent. The numbers dropped during the recession and hit their lowest point in 2010 and 2012 at 41 percent.

Additionally, 47 percent of Americans say their financial situation is ‘getting better’ and 38 percent say it is ‘getting worse.’ This marked the fifth year in a row with a net positive outlook. While there is still a net positive, those who said their financial situation is getting better was still five percent lower than the 52 percent seen in 2015.

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