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Are You Better Off Today?

Poll QuestionOnce again, we have good news and bad news.

First, the bad news.

A Gallup poll found that 42% of Americans say they are financially worse off than they were a year ago. Just over a third, 35%, consider their financial situation improved, and 22% say it’s the same.

That’s down from 2013, when 40% reported being better off.

And it’s surprising, considering that other results from the poll, Gallup’s annual “Mood of the Nation,” were more positive – even views typically negative about the economy, consumer spending and job creation.

Now, here’s that good news we promised: 55% predict they’ll be better off next year then they are right now. Only 15% think they’ll be worse off.

So that’s something.

We like optimism, especially where finances are concerned. Plus, a pretty pervasive gloom-and-doom attitude has been hanging around, in case you hadn’t noticed.

There’s just one thing that bugs us, and that’s the lack of distinction between “perception” and “reality.” The poll sheds no light on this.

Were people actually worse off, or did they merely feel that way? The improving economy suggests the latter.

Perhaps Bankaholic readers can shed a little light on this.

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Compared with a year ago, I feel financially...
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We’d love to hear why you feel better or worse off financially. Tell us in the comments section.

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