By: Nate James
Americans are pretty happy with the economy right now.
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.”
In many ways this is the greatest economy in the HISTORY of America and the best time EVER to look for a job!— Donald J. Trump (@realDonaldTrump) June 4, 2018
Nate James writes from Texas.