Partisan Euphoria By Democrats Drives Consumer Sentiment Higher
Democrats are feeling much better about the long-term future following the election.
Democrats are feeling much better about the long-term future following the election.
Despite positive news on vaccines and record-highs for stocks, the outlook got darker in November.
A big decline in expectations about our economic prospects followed the 2020 election and the rise in covid cases.
How an American consumer feels about the economy increasingly depends on politics. The University of Michigan’s index of consumer sentiment was virtually unchanged from its midmonth reading and September, hitting 81.8. That is 14.3 percent below the year ago level.
President Donald Trump is behind in every national poll, but he enjoys a small lead among voters not aligned with either party, data from the University of Michigan’s survey of American consumers show.
Trump and Biden are nearly tied among independents in the University of Michigan’s survey of consumers.
Optimism soared higher in September.
Trump has the lead on the economy and household finances
Consumer sentiment improved a bit in August but Americans remain very pessimistic about the economy’s future.
Consumer sentiment continued to slide downward in late July, with both the current conditions and expectations gauges declining.
Consumer sentiment lost ground in the early weeks of July.
Consumer sentiment improved from May but slipped from the mid-month reading. Confidence in the Trump administration’s economics policy has plunged to record low.
The jobs gains in May boosted consumer sentiment much higher than expected.
Current conditions look better than they did a month ago but the outlook for the future is grimmer.
Fewer Americans are worried about their financial health or physical health. But concern over social isolation is rising.
Consumer expectations have fallen by less than assessments of the current situation, a sign that the public remains optimistic.
This is one of the worst declines ever–and it is likely to get even worse in the months ahead.
To avoid a recession, speed of getting aid out is more important than targeting.
Consumer sentiment climbed again in early February, moving toward the highest level in 15 years.
The fake news media have literally spent billions of dollars to “other” Trump, to turn him into a “mistake that must be corrected,” into a virus infecting the system… They have failed.
Consumer sentiment among Republicans is higher than it was when Ronald Reagan won his landslide reelection.
Consumer sentiment was bolstered by record low unemployment, record gains in income, and near record lows in inflation.
Consumer sentiment begins the year at an elevated level thanks to plentiful jobs and soaring stock prices.
Extremely favorable consumer sentiment level poses a challenge for Democratic presidential hopefuls who the economy is struggling.
But a sharp partisan divide on the economy has sharpened, with one side expecting expansion and the other a recession next year.
Consumer sentiment is up for the third consecutive month.
Consumers are focused on jobs and income, not letting the impeachment drama shake their optimism about the economy.
Expectations for real income gains rose to their highest level in two-decades, according to the University of Michigan’s survey. |
Despite widespread uncertainty about trade policy, consumer sentiment improved in September from the August doldrums.
Consumers in the first weeks of September felt better about both current conditions and their expectations for the future.
“Monetary and trade policies have heightened consumer uncertainty—but not pessimism,” Richard Curtin said in a statement.
Consumers have a very positive view of their own financial well-being and the prospects for the future.
“Consumer sentiment remained largely unchanged in early July from June, remaining at quite favorable levels.”
Consumers feel good about the economy now and are less worried about the future than they were a year ago.
Retail sales were stronger than initially reported in April and strong again in May, indicating better economic growth.
Consumer sentiment improved from its April slump but fears that tariffs could raise prices pushed up inflation expectations.
Another piece of evidence that the economy picked up steam in early May, defying predictions of a slowdown
U.S. consumers’ views of current economic conditions improved in April while expectations for the future faded a bit.
Improved sentiment in households in the bottom two-thirds of incomes drove the index higher in March.
Consumer sentiment rebounded from its midwinter slump in the first weeks of March, boosted by middle and lower income households.