Posted on 02/06/2020 6:11:59 PM PST by Hojczyk
Gallup has some fascinating poll data on Americans’ views of their own financial well-being. The headline sums it up: “Record-High Optimism on Personal Finances in U.S.”
Gallup finds that 59% say they are better off than they were a year ago, as opposed to only 20% who say they are worse off. Those are great numbers–interestingly, we are so divided that political affiliation makes a big difference even on a simple question about one’s own finances–but that isn’t the data point I mean.
The most striking finding is this one: 74% say they expect to be better off a year from now than they are today, the highest such finding Gallup has ever recorded:
Sure, a lot can change between now and November. But with 74% of Americans looking forward to being more prosperous a year from now, it is hard to imagine a majority thinking that a radical change in the direction of socialism is a good idea. A huge majority of Americans, whatever they may think of Donald Trump, appear to be invested in the direction the country is moving.
(Excerpt) Read more at powerlineblog.com ...
“...59% say they are better off than they were a year ago, as opposed to only 20% who say they are worse off...”
79%
Are the other 21% too stupid to know which they are?
It wouldn’t take much. The debt bubble is so large, the Fed won’t be able to raise rates at all very soon.
Dump
Why will there be a recession? As long as things continue to stay positive the wealth of the nation continues because of people working and producing bettering themselves. Inventions should be on the upswing as more regulations are removed. So as long as we continue those policies and expand on them, then recessions should never happen as long as Trump is the President.
Fed Reserve could do so too. They are deep state private entity.
“Are you better off than you were 4 years ago?”
Why? Sooner or later, the economy over-expands, or some black swan appears.
Maybe the rest of the world will have one—that will pull us in.
Maybe the unbelievable level of debt will become a problem.
Maybe there will be some black swan contagion somewhere.
Maybe it won’t happen for ten years (which would be great), but so far, no economy has ever grown to the sky.
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