A recent Gallup poll found that Americans are more optimistic when asked about their local economy than they are when asked to assess the economic condition of the world as a whole. Nearly 50 percent of polled Americans said their local economic conditions were excellent or good, while only 25 percent said the same about the national economy and just 13 percent ranked the world’s economy as highly. The poll found that positive feelings toward local economic conditions didn’t differ significantly from region to region, though the western states were the most pessimistic about their economy. The results highlight the fact that, though economic confidence can be volatile, Americans generally rank their region and personal financial situation higher than they do the national economy. More here.

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