The vast majority of U.S. retirees report having enough money to live comfortably; 80% say so today. At the same time, far fewer nonretirees, 53%, expect to have enough money to live comfortably when they retire. The economic fallout from the coronavirus has done little to alter these views, especially […] Read more »
Consumer confidence tumbled in early May
Consumer confidence in early May tumbled due to higher inflation–the highest expected year-ahead inflation rate as well as the highest long term inflation rate in the past decade. Rising inflation also meant that real income expectations were the weakest in five years. CONTINUED University of Michigan The OPINION TODAY email newsletter is […] Read more »
Can Reality Live Up To Expectations?
All indicators right now point to “go.” Americans have never been more optimistic about their financial futures, and many are busy planning social, active summers. But the recent April jobs report suggests that we shouldn’t get too far ahead of ourselves. Jobs growth was much slower than projected, and unemployment […] Read more »
U.S. Economy Optimism Slips As High Earners React To Biden Tax Hikes: IBD/TIPP
Optimism over the U.S. economy took a step back over the past month, and IBD/TIPP polling points to proposed Biden tax hikes as a likely reason. The IBD/TIPP Economic Optimism Index, an early monthly read on consumer confidence, slipped 2 points to 54.4 in May, after hitting a Covid-era high […] Read more »
Biden Approval Rating Dips Again, But It’s Still A Honeymoon: IBD/TIPP Poll
President Biden’s approval rating dipped for the third straight month in the new IBD/TIPP Poll. Yet he’s still enjoying a relative honeymoon as he ramps up his drive for a major expansion of infrastructure and social benefits, paid for with tax hikes on corporations and investment gains. … The May […] Read more »
Americans’ Confidence in Their Finances Has Mostly Recovered
After slipping last April, the percentage of Americans feeling positive about their finances has fully rebounded to where it was in 2019. Fifty-seven percent now describe their current financial situation as excellent or good. That is one percentage point higher than the 56% recorded in 2019 and significantly better than […] Read more »