May 2023 American Maru Household Index
This month’s US MHOI is at 87 (negative/pessimistic), up two points from 85 last month. This marks two consecutive months of positive increases in the Index and harkens back to the last time it was at this level in March 2022.
What’s driving the Index this month is that more Americans believe the state of the US economy is moving in the right direction (up four percentage points to 41% from 37% last month), and more say they will have enough personal/family investments and savings for the future (the highest level measured since tracking began in July 2020 ), will put away money for their retirement/old age security, and will have more than two months of savings to cover any unexpected costs or needs (the same measure found in January 2022, it also ties as the highest level since tracking began).