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By Alicia Adamczyk
July 28, 2016
Man throwing dollar bills in the air, arms raised in celebration
Man throwing dollar bills in the air, arms raised in celebration
Jonathan Kitchen—Getty Images

You wouldn’t know it from the political rhetoric making the rounds, but Americans’ satisfaction with their financial situation is the highest it’s been since late 2007.

According to the American Institute of CPAs’ Personal Finance Satisfaction Index, Americans are as happy with their finances as they’ve been in almost a decade thanks to higher home equity (due to increasing home values) and job openings.

“Low mortgage rates combined with great job opportunities are giving people confidence to make some moves that maybe they’ve been putting off and this is a great sign for continued economic prosperity,” said Kelley Long, a member of the AICPA’s National CPA Financial Literacy Commission, in a release.

Read More: 6 Ways Life Is Better When You Have No Debt

The PFSi is a measure of both pain and pleasure points for the average American, and is calculated using data such as inflation, personal taxes, home equity, job openings, and underemployment, among others. It currently stands at 17.1, an increase of 1.2 points from a year ago.

Not that it’s all sunshine and roses. AICPA notes that because the U.K.’s Brexit vote occurred late in the quarter and rocked global markets, satisfaction may slip in the second half of the year.

Advertiser Disclosure

The purpose of this disclosure is to explain how we make money without charging you for our content.

Our mission is to help people at any stage of life make smart financial decisions through research, reporting, reviews, recommendations, and tools.

Earning your trust is essential to our success, and we believe transparency is critical to creating that trust. To that end, you should know that many or all of the companies featured here are partners who advertise with us.

Our content is free because our partners pay us a referral fee if you click on links or call any of the phone numbers on our site. If you choose to interact with the content on our site, we will likely receive compensation. If you don't, we will not be compensated. Ultimately the choice is yours.

Opinions are our own and our editors and staff writers are instructed to maintain editorial integrity, but compensation along with in-depth research will determine where, how, and in what order they appear on the page.

To find out more about our editorial process and how we make money, click here.

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