Americans have not been this optimistic about their financial situation — for the last 16 years

According to the Gallup poll, 69% of American is financially optimistic, reaching the highest level for the last 16 years.

Financial Opitimism reflects the percentage of people responded saying that they expect to be financially better off “at this time next year”.

With 69% saying they expect to be better off, it is only two percentage points below the all-time high of 71%, recorded in March 1998.

The poll also asked how people think their finances have changednovee the past year. Fifty percent say they are better off today than they were a year ago. This is the first time since 2007 that at least 50% of the public has said they are financially better off than a year ago.

According to Gallup, in the 109 polls since 1976, only 11 times which at least half of those polled said they were financial improved during the prior year.

You can find the full release here.