CNBC Survey Shows Americans View Economy at 8 Year High

Americans’ views on the state of the economy reached new heights in the latest CNBC All-America Economic survey with a record 27 percent judging the economy as excellent or good, the highest level in eight years.

A year ago, just 16 percent of the public gave the economy good marks, and it was just 4 percent at the beginning of the 2008 recession.

The CNBC poll of 800 Americans across the nation, conducted by the Democratic/Republican polling duo of Hart-McInturff, carries a margin of error of 3.5 percent.

The latest numbers show how far the public’s attitudes on the economy have come since the economic bottom but also how far there is to go. The level of optimism remains about 10 points below where it routinely stood before the recession.

The most educated Americans, that is, those with post-graduate degrees and higher, along with those who expected their wages to go up and seniors were the leading groups whose economic views improved from last quarter. Views on the economy deteriorated most for Independents, the wealthiest Americans, that is, those with $100,000 in income or more, along with Americans with just some college education.

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