New Years resolution? More Americans worse off financially than a year ago

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, Rare Staff

Posted on

According to the annual “Mood of the Nation” Gallup poll, upwards of 42 percent of Americans said that they worse off financially today than they were a year ago — an increase over the past two years–while only a bit more than one third of Americans say their financial situation has improved.

The graph below illustrates the change.

Gallup

Despite this grim assessment, however, 55 percent of responders feel that their situations will improve by this time next year. See below:

gallup 2

While the pollers attribute this positive response to hallmark American financial optimism, one can’t help but wonder if this has more to do with the idea that things can’t get much worse than subconscious, limitless faith in a prosperous future.

The poll surveyed a random sample of 1,018 adults, aged 18 and older, living in all 50 U.S. states and the District of Columbia.

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Matt Naham is an editorial assistant for Rare. Follow him on Twitter @matt_naham.

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