A whopping 90 percent of Americans are satisfied with their personal lives, making a record high after fours decades, according to a Gallup poll released on Thursday, Feb. 6.
— Bruce Mehlman (@bpmehlman) February 6, 2020
The previous high figure of 88 percent was recored in 2003. The average percentage of Americans reporting their satisfaction with their personal life was at 83 percent since 1979 and the historical low of 73 percent was recorded in July 1979 during the oil crisis that affected U.S. motorists.
Gallup’s Mood of the Nation poll, which was conducted in January also recorded a 20-year high in American’s confidence in the economy. Optimism on personal finances has just climbed to a record high of 59 percent, and 74 percent said they will be better off financially a year from now—the highest in Gallup’s trend since 1977.
According to the poll, Groups that said “very satisfied” and “satisfied” were self-identified Republicans (95%) who live in high-income households and are married. Comparatively, respondents from low-income households are the least likely to report being satisfied with life, followed by Democrats and unmarried adults.
The report came as the U.S. unemployment rate sits at a haft-century low.
U.S. productivity, a key factor needed to boost living standards, increased 1.7 percent in 2019 up from 1.3 percent advances in both 2017 and 2018—the best showing in nearly a decade, according to the Labor Department’s Bureau of Labor Statistics.
Another report from the Labor Department also indicated that the number of Americans filing new claims for unemployment benefits dropped to a nine-month low. Last April, claims were reported at 193,000—the lowest point in five decades.
January’s employment report is scheduled for release on Friday with an expected solid gain of around 15,000 jobs and an unemployment rate remaining at a half-century low of 3.5%.