Many Americans felt pretty good about their finances last year — but were less confident about the country’s

Americans’ self-reported financial well-being hit a nine-year high before inflation and omicron took off, an annual Federal Reserve Board report shows

More Americans reported that they were feeling good about their own financial status last year, but they had less positive feelings about the economy.

The share that said they were “doing okay or living comfortably financially” in 2021 hit a nine-year-high and was the largest share since the Federal Reserve Board started doing a national survey looking into Americans’ economic well-being. The Fed has been conducting the Survey of Household Economics and Decisionmaking since 2013.

However, the survey was conducted last October and November, before the omicron variants started to spread nationally and when the rate of inflation had just started to speed up. Since then, inflation has soared, hitting a 40-year-record in March when the consumer price index showed that prices increased 8.5% in 12 months.

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