7/9: More Americans Optimistic About Personal Financial Situation

July 9, 2010 by  
Filed under Family Finances, Featured, Money, Money Vault

33% of U.S. residents expect their personal family finances to improve in the next year.  This is a slight increase from the 28% who reported the same in Marist’s April 2009 survey.



And, there has been a decrease in the proportion of Americans who anticipate their family finances will get worse during the next 12 months.  15% think this will be the case while 22% said the same 15 months ago.  The proportion of those who believe their financial circumstances will stay about the same is little changed from Marist’s previous survey.  A majority — 52% — say they will remain steady while half thought that way in April 2009.

“Even the slightest positive economic news comes as welcome relief,” says Dr. Lee M. Miringoff, Director of The Marist College Institute for Public Opinion.  ”But, these numbers are still nothing to write home about.”

Younger U.S. residents are more optimistic than their older counterparts.  44% of those under the age of 45 expect their personal finances to improve in the next year while just 25% of those 45 or older say the same.

Table: Your Personal Finances – Better, Worse, or the Same?

Looking to Retirement: Half Believe Standard of Living Will Not Change

50% of working Americans believe, when they retire, they will have enough money to maintain their standard of living.  38% think their lifestyle will be affected, and 12% are unsure.

Men are less concerned about a change in their standard of living than are women.  55% of men think they will have the funds to maintain their standard of living during their retirement years while 45% of women agree.

There is evidence to reassure working Americans that their finances will be sufficient.  Three-quarters of retired Americans say, since retiring, they have been able to maintain their standard of living.  25% say they have not.

Table: Retirement Savings
Table: Retirement Savings (Retirees)

Marist Poll Methodology


5 Responses to “7/9: More Americans Optimistic About Personal Financial Situation”

  1. Rexx Hogan on August 23rd, 2010 1:23 am

    There must be something in the water. Most people’s personal financial situation is deteriorating, and nationally we face a disaster in the making. We are an optimistic country!

  2. Kevin on August 30th, 2010 12:28 am

    Perhaps the only reason there has been a decrease in the proportion of Americans who anticipate their family finances will get worse during the next 12 months is because they are so rock bottom at present that they think things can’t get any worse. I agree with the above comment that people’s personal financial situation in general is getting worse.

  3. invoice format on September 15th, 2010 8:22 am

    Being optimistic about personal financial situation is not a strange thing. Rather, I would say one must be very optimistic in this regard. Especially under current circumstances of financial crunch, it is very important to take care of your financial situation keenly.

  4. Legal advance funding on November 13th, 2010 3:35 pm

    optimistic in this manner is too normal.

  5. homes charlottesville virginia on May 10th, 2011 9:52 pm

    I think while optimism continues to increase among Americans in their economic outlook and towards personal finances, new evidence indicates that many have further progress to make in improving their financial behavior….
    Thanks for sharing this informative article……..

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