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Americans not satisfied with financial conditions

Americans not satisfied with financial conditions

Economic concerns bring satisfaction down

A recent report from Gallup highlighted declining satisfaction among Americans, led by concerns about the economy and personal finance.

According to Gallup, an average of 17 percent of Americans (polls conducted throughout 2011) said they were satisfied with the way things are going in the United States.

This is a slight increase from the 15 percent mark seen in 2008 but is far below the 60 percent approval recorded in the year 2000.

The 17 percent average mark includes lows of 11 percent satisfaction observed in in August and September polls all the up to the 26 percent mark seen in May. The all-time low mark of 7 percent occurred in mid-October 2008, Gallup said.

In the most recent Gallup poll measuring satisfaction – conducted December 15-18, 2011 – 64 percent of Americans mentioned the economy in some way, shape or form as the “most important problem facing the country.” More specifically, 26 percent of respondents mentioned “the economy in general” as the most important problem, while 25 percent noted unemployment as a major concern.

A separate poll from Gallup (conducted November 28 – December 1, 2011) revealed that Americans have soured on their personal finance situations, although overall satisfaction is down only a bit compared to 1998.

In the latest poll 50 percent of respondents declared satisfaction with “financial net worth or savings” and 64 percent were satisfied with “family or household income.”

These two marks stood at 56 percent and 70 percent, respectively, in 1998.

Posted in: Banking, Credit Cards, Insurance, Loans

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