Against a backdrop of plentiful jobs and an early-year surge in the stock market, Americans' financial happiness has hit a new high.
After dipping at the end of 2018 due to a sharp decline in stock prices, the AICPA's index stood at 36.1 for the quarter ended March 31, marking the highest number in the 20-plus years tracked. The lowest reading was in 2011, when it hit negative 41.35. Since the index began climbing back from its 2011 all-time low, it has shown a quarterly increase all but four times.
Inflation also has slowed, running at 1.7% in the first quarter, which is below the Federal Reserve's 2% target. And, pain from taxes also is slightly down year over year.
If left alone by the government. Americans enjoy being Americans. Uncle Bernie saying you are no better than a criminal, must not go down well.
Making America Great !
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