Consumers show greatest confidence in financial sectors since 2008

More than a third of consumers have a favorable view of the economy — the highest rate measured following the Great Recession, according to a recent LIMRA survey of Americans.

The study also found for the first time since October 2008, consumers with a negative view of the economy are in the minority.

“Consumer sentiment on the economy tends to be seasonal – it’s not uncommon for us to see a boost at the start of each new year,” said Jennifer Douglas, associate research director, LIMRA Developmental and Strategic Research. “To a greater extent, the strong equity markets, labor market, and low gas prices are likely to have prompted a sense of personal financial well-being, influencing their opinion of the broad economy.”