There's nothing quite like American individualism—it even extends to our economic views. Poll after poll shows Americans’ faith in the overall economy is wavering—even as most are quite optimistic when it comes to their own personal finances.
The latest report to highlight this confounding attitude, an inaugural consumer sentiment survey from KPMG, found that 54% of Americans were optimistic about their financial situation, while only 37% were hopeful about the country’s economy overall. KPMG’s study, which surveyed 1,100 people across the country, is the latest to find a significant divergence between Americans’ relative optimism about their own financial health and their pessimism over what many consider to be a teetering economy. That split between individuals’ confidence in themselves compared to the economy has been prevalent for a few years now, even if it does appear to be diminishing, at least according to KPMG’s data.
