Press Release

Weekly Pulse: 51 Percent Say Personal Finances are Strong

A third believes the economy is getting better despite stock market roller coaster

Washington, DC (December 20, 2018) – Despite all the breathless reporting on the stock market turmoil, nearly a third of Americans say the economy is getting better and more than half say their personal finances are strong, according to the Job Creators Network/ Weekly Pulse, released today.

“Unemployment is very low, wages are rising, and gas prices are dropping. There’s a lot for Americans to feel good about right now. On the other hand, the economic news has been dominated for weeks nervous by Wall Street investors. We don’t see any evidence in the data that Americans see their personal finances at risk, at least not so far,” said Elaine Parker, President and CEO of the Job Creators Network Foundation.

The survey found that 47 percent of Americans rate the economy as excellent or good. Two thirds think the economy will get better or stay about the same. And more than half, 51 percent, say their own personal finances are excellent or good.

“General confidence in the economy seems to have dipped a little, but there’s not much fluctuation in the way Americans see their own personal finances,” said pollster Scott Rasmussen.

The percentage of Americans who think that businesses in their area are hiring rose slightly, from 43 percent last week to 45 percent this week, another sigh that average Americans are not nearly as pessimistic as the financial class.

“Average Americans have been much steadier in their confidence than the folks on Wall Street,” said Parker. “People feel good about their personal circumstances. They see local businesses continuing to hire. Most people still expect the economy to improve or remain strong. There’s a clear difference between the way average Americans see the economy and the way Wall Street sees the economy.”