After scoring +3 in January, the first positive reading in seven years, Gallup’s Economic Confidence Index edged down to +1 in February. The reading last month is still the second-highest monthly average since Gallup began tracking confidence on a daily basis in 2008. CONT. Frank Newport & Lydia Saad, Gallup Read more »
Millennials: Coming of Age
One of the largest generations in history is about to move into its prime spending years. Millennials are poised to reshape the economy; their unique experiences will change the ways we buy and sell, forcing companies to examine how they do business for decades to come. CONT. Goldman Sachs Read more »
Consumers remain optimistic in February
Consumer optimism was affected in February by lower gas prices and an unusually harsh winter. The small overall decline from January still left consumer confidence at the highest levels in eight years, according to the University of Michigan (U-M) Surveys of Consumers. CONT. University of Michigan Read more »
What Is ‘Middle-Class Economics’?
An awkward truth for politicians looking to help the middle class is that there’s much less the government can do for them than for the poor. So, the president has picked an opportune time to set his mantra to “middle-class economics”: A time when middle-class economic fortunes are already improving […] Read more »
Conference Board Consumer Confidence Index Declines
The Conference Board Consumer Confidence Index®, which had increased in January, declined in February. The Index now stands at 96.4 (1985=100), down from 103.8 in January. CONT. Conference Board Read more »
U.S. Economic Confidence Index Back in Negative Territory
Gallup’s U.S. Economic Confidence Index fell to an average of -2 for the week ending Feb. 22. This is the first time the index has had a negative weekly average since late December. Prior to that, the index had consistently been in negative territory since Gallup began tracking it daily […] Read more »