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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsMore Americans Worse Off Financially Than a Year Ago
WASHINGTON, D.C. - More Americans, 42%, say they are financially worse off now than they were a year ago, reversing the lower levels found over the past two years. Just more than a third of Americans say their financial situation has improved from a year ago
These results come from Gallup's annual "Mood of the Nation" poll, conducted Jan. 5-8. Gallup has found that Americans' economic confidence, self-reported consumer spending, and perceptions of job creation improved in 2013. Despite Americans' more positive views of the overall U.S. economy in 2013, nearly two-thirds believe their personal financial situation deteriorated or was stable over the past year.
Though down from mid-2013, the percentage of Americans saying they are financially better off than a year ago is nearly in line with the historical average (38%), spanning 1976-2014. On the other hand, the share of Americans saying they are financially worse off compared with a year ago is, by historical standards, high -- eight percentage points above the average. The record high of 55% occurred in May and September 2008, the year (and, in the latter case, the month) of the global financial meltdown.
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http://www.gallup.com/poll/166850/americans-worse-off-financially-year-ago.aspx
MO_Moderate
(377 posts)NuclearDem
(16,184 posts)That'll solve it.
Johonny
(20,683 posts)American wages are stagnant at best while benefits erode meanwhile companies make record profit and the stock market booms. I'm sick of doesn't trickle down economics.