CNBC Survey Says Americans Optimistic About 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 percent 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.

via CNBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza