Boom: Best economic optimism in 16 years, 50% ‘better off’ under Trump
Public optimism in their personal economy has hit a 16-year high under President Trump, according to a new survey.
Some 69 percent told Gallup that they expect their personal finances to be even better next year, just shy of the record 71 percent when the internet boom was raging under former President Bill Clinton.
What’s more, the survey company said that 50 percent believe they are “better off” than just a year ago when the current economic surge was kicking in and when the White House coined the phrase “MAGAnomics.”
Gallup said that is the first time the level has reach 50 percent since 2007.
“Americans’ optimism about their personal finances has climbed to levels not seen in more than 16 years, with 69 percent now saying they expect to be financially better off ‘at this time next year,'” said Gallup.
- 69 percent expect their financial situation to improve over the next year.
- Optimism about finances over the next year is almost at a record-high level.
- 50 percent say they are in better shape financially than a year ago.
The president has been touting the economy and stock market recently, and Republicans are urging him to continue with policies like deregulation that can continue to feed growth.
While partisanship colors the view of Democrats and Republicans on their level of optimism, both expressed confidence in the future.
“For both Republicans and Democrats, results are more positive over the same time spans for the question asking about financial expectations for the coming year. Though Republicans’ expectations rose after Trump took office and Democrats became less optimistic, majorities from both parties said they expected to be better off in the coming year in both the pre-Trump-election polls and the post-Trump-inauguration ones,” said Gallup.