More Americans Believe Economy Headed in Right Direction
Source: Fannie Mae
Hitting 50 percent for the first time since the survey's inception, the percentage who think the economy is on the wrong track has declined by 25 percentage points over the past year, and by 6 percentage points from last month.
The percentage who expect their personal financial situation to get worse over the next 12 months rose 5 percentage points to 18 percent, the highest level since December 2011.
Meanwhile, 21 percent of respondents say their household income is significantly higher than it was 12 months ago.
Household expenses remained stable over the past month, with 56 percent responding that their household expenses stayed the same compared to 12 months ago.