Economic Optimism Goes Viral

Economic optimism is starting to really make itself felt as the slow-motion disembowelment of the pessimism bubble continues apace.

According to Gallup, your friends and neighbors are now more upbeat about the economy than they have been in 3 years.

Forty-one percent of Americans in January said the economy is “getting better,” up from 35% in December and 38% a year ago. This level of optimism ties for the highest since Gallup Daily tracking began in January 2008.

Now don’t fall out of your chair or anything…but it seems that the happiest demographics are the young and – wait for it – the wealthy.

Half or more of upper-income Americans (those making at least $90,000 annually), younger Americans (those aged 18 to 29), and Democrats say economic conditions are getting better. This makes them the most optimistic among key demographic groups.

A comparison of January 2011 with January 2010 reveals that upper-income Americans (+7) and those aged 65 years and older (+5) have increased their optimism the most.

I know, imagine that!

Source:

Economic Optimism in US Ties Three-Year High (Gallup)

This content, which contains security-related opinions and/or information, is provided for informational purposes only and should not be relied upon in any manner as professional advice, or an endorsement of any practices, products or services. There can be no guarantees or assurances that the views expressed here will be applicable for any particular facts or circumstances, and should not be relied upon in any manner. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment.

The commentary in this “post” (including any related blog, podcasts, videos, and social media) reflects the personal opinions, viewpoints, and analyses of the Ritholtz Wealth Management employees providing such comments, and should not be regarded the views of Ritholtz Wealth Management LLC. or its respective affiliates or as a description of advisory services provided by Ritholtz Wealth Management or performance returns of any Ritholtz Wealth Management Investments client.

References to any securities or digital assets, or performance data, are for illustrative purposes only and do not constitute an investment recommendation or offer to provide investment advisory services. Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others.

Wealthcast Media, an affiliate of Ritholtz Wealth Management, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. Investments in securities involve the risk of loss. For additional advertisement disclaimers see here: https://www.ritholtzwealth.com/advertising-disclaimers

Please see disclosures here.

What's been said:

Discussions found on the web
  1. sex dollfie commented on Sep 25

    … [Trackback]

    […] Find More here on that Topic: thereformedbroker.com/2011/02/08/economic-optimism-goes-viral/ […]

  2. bitcoin era review 2020 commented on Sep 29

    … [Trackback]

    […] Information to that Topic: thereformedbroker.com/2011/02/08/economic-optimism-goes-viral/ […]

  3. bitcoin revolution real or fake commented on Sep 30

    … [Trackback]

    […] Read More here on that Topic: thereformedbroker.com/2011/02/08/economic-optimism-goes-viral/ […]

  4. Earn Fast Cash Now commented on Nov 03

    … [Trackback]

    […] Find More Information here on that Topic: thereformedbroker.com/2011/02/08/economic-optimism-goes-viral/ […]

  5. 토토사이트 commented on Dec 22

    … [Trackback]

    […] Read More on that Topic: thereformedbroker.com/2011/02/08/economic-optimism-goes-viral/ […]

  6. 토토 commented on Dec 25

    … [Trackback]

    […] Find More Info here on that Topic: thereformedbroker.com/2011/02/08/economic-optimism-goes-viral/ […]

  7. www.shoponlinewatches.com commented on Jan 06

    … [Trackback]

    […] Read More Info here on that Topic: thereformedbroker.com/2011/02/08/economic-optimism-goes-viral/ […]

  8. Daily promo code commented on Jan 22

    … [Trackback]

    […] There you can find 66338 additional Info on that Topic: thereformedbroker.com/2011/02/08/economic-optimism-goes-viral/ […]

  9. fake breitling watches commented on Jan 23

    … [Trackback]

    […] Read More Info here to that Topic: thereformedbroker.com/2011/02/08/economic-optimism-goes-viral/ […]

  10. bnc entreprise commented on Jan 26

    … [Trackback]

    […] Read More on that Topic: thereformedbroker.com/2011/02/08/economic-optimism-goes-viral/ […]