While it slips as generations age, people are generally more optimistic about the state of the economy in the New Year.

According to the Wells Fargo & Co. "How America Buys and Borrows" survey, 78 percent of respondents expect the state of the economy will either stay the same or improve, and 81 percent believe their personal situation is either stable or improving.

There is some variation in the results, though, depending on age. Among millennials (ages 18 to 32), 79 percent say the current state of the economy is stable to strong, while 75 percent of Gen Xers (ages 33 to 48) say that and 70 percent of boomers (ages 49 to 65) say the same.

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