February 11, 2020

Americans: This Is the Best Economy Since the 90s

  • Executive

By: Nate James

In Brief:

Americans are pretty happy with the economy right now.

The Background:

The Stamford Advocate reports:

Fifty-nine percent of Americans say they are better off financially today than they were a year ago, the highest since 1999, according to a Gallup survey released last week. And nearly three-quarters predict they will do better a year from now, the most optimistic reading that Gallup's annual "Mood of the Nation" survey has ever recorded.

Other polls and surveys aren't quite as ebullient, but nearly all show that Americans are far less worried about the economy and their personal financial situations than they were during the last presidential election.

Why It Matters:

According to the Advocate, “Upbeat sentiment is critical for the U.S. economy because it motivates consumer spending, the most important driver of U.S. economic growth. And President Donald Trump is counting on a strong economy to motivate voters to turn out at the polls and reelect him.”

Notable Quotes:

Nate James writes from Texas.

What do you think?
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