A recent study by The Conference Board revealed that the economic optimism of many Americans has grown significantly in recent months. The organization surveyed 10,000 households and found that 71% believe the economy is on the upswing, and that recent job growth and low-interest rates have helped to support those feelings.
The survey showed that the majority of respondents are increasingly optimistic about the state of the economy, with 55% of those surveyed saying the economy is doing better this year than it was last year, and an additional 42% expecting the same result next year.
The report also revealed that inflation expectations have improved in recent months. In December, 63% of Americans believed that inflation would remain stable over the coming year. That number has now risen to 78%.
The survey also found that Americans are feeling much better about their personal finances. The sentiment index for personal finances hit its highest level since April 2008, at 101.5. This suggests that most people feel comfortable with their current financial situation.
The survey results indicate that Americans’ confidence in the economy is rising. It appears that job growth, low-interest rates, and inflation expectations are all contributing to this rise in economic optimism. The Conference Board’s findings suggest that Americans are starting to feel better about their current economic situation, and the future of the American economy.