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Gallup: 42% Of US Worse Off Than One Year Ago

From Gallup:

More Americans Worse Off Financially Than a Year Ago

by Andrew Dugan | January 15, 2014

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

But we are supposed to be living in boom times, thanks to Obama. The news media says so every day.

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.

This is a peculiar phenomenon we’ve noticed before. People believe the economy is better off because they news media constantly say it is. But they feel differently about their own person situation because they are living it. But they believe they must be the exception. So they believe they must be the exception.

While many Americans say the past year was a financial dud, a majority (55%) predict that at this time next year they will be financially better off. Optimism about the future may still be the predominant feeling, but the overall positivity of the nation’s personal financial predictions appears to be easing, compared with the average during the past decade…

Translation: Americans are still optimistic about the future, but not as optimistic as they used to be. And who can blame them?

This article was posted by Steve Gilbert on Thursday, January 16th, 2014. Comments are currently closed.

2 Responses to “Gallup: 42% Of US Worse Off Than One Year Ago”

  1. AcornsRNutz

    “But we are supposed to be living in boom times, thanks to Obama. The news media says so every day.”

    Yeah, so much so that we have to extend unemployment benefits (yet again) or untold thousands will die in the streets.




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