The monthly evaluation for October by UF researchers has found that Floridians are breaking post-recession records for overall positive outlook on the economy. However, in regards to their personal finances, the state is still down. Confidence in personal finances compared to last year are down 3 points while confidence in their position a year from now dropped by 2 points.
It’s an important outlook just a few days before election night, where post-recession confidence bodes well for Obama. Chris McCarty, director of UF’s Survey Research Center, attributed the falling personal finance confidence to the presidential debates and the upcoming “fiscal cliff” – when poorly-looked-upon federal budget cuts and tax increases will be decided unless Congress approves another procedure.
This month’s results can be found here at the Bureau of Economic and Business Research.