Survey: Americans More Upbeat on Economy
After seven long years of sharp recession and tepid recovery, the CNBC All-America Economic Survey found some key measures of U.S. public opinion finally regained their precrisis levels.
Ninety-one percent of Americans now believe their home prices will either be stable or rise over the next year, the highest since March 2007. And for the first time in three years, Americans picked real estate ahead of gold as the best investment.
Respondents also said they will spend about as much on a summer vacation as they did before the recession, following a sharp drop during the financial crisis.
That optimism comes with greater hopes among respondents for their paychecks: Thirty-eight percent believe their wages will rise in the next year, the highest percentage since December 2008.
Meanwhile, pessimism declined. Only 33% of those polled judge the current state of the economy as poor, equaling the December 2007 low and a five-point decrease from the March study’s results.
For the full story click here.