The only comfort level that remains in negative territory is savings, with 33 percent of those surveyed feeling less comfortable with their savings now compared to a year ago. Only 20 percent of respondents said they are more comfortable with their savings versus a year ago.
This month, we asked whether Americans had increased their spending as a result of low gas prices. Gas prices have dropped since February, a time when prices usually begin their rise toward the highs of summer. This year, we've seen the opposite for the most part, with prices staying well below their records even as Memorial Day approaches and travel season begins.
"While rising gasoline prices are a clear headwind to the economy, recent price declines have provided little oomph to the economic recovery," says Greg McBride, CFA, senior financial analyst at Bankrate.com.
Surprisingly, 80 percent of Americans said they have not increased their nonessential spending as a result.
In previous years, Bankrate asked the opposite -- whether people were cutting back on spending due to higher gas prices. In those surveys, around 60 percent or more said they were cutting back on nonessentials due to the higher prices, a marked shift from this year's responses.
Although we've managed to remain in positive territory for three solid months, each month has seen a decline from the previous month. Does this mean we'll be seeing more negative sentiment next month, or will the upbeat feelings remain as we kick off the summer season?