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US Consumer Confidence Remains Steady Consumer confidence, a measure of Americans' current and future economic outlook, rose among consumers 55 and older, but declined among those under 55, largely due to food and gas prices. NEW YORK - US consumer confidence remained steady this month even as Americans struggle with higher prices and feel less optimistic about the near-term future. https://lnkd.in/eFrby5eW

Self fulfilling prophecy... US consumer confidence reaches highest level in 5 months US consumer confidence has soared in December, with The Conference Board's index rising to 110.7, up from a revised 101 a month earlier, marking the most significant increase since early 2021. Consumers' more upbeat outlook was driven by more positive perceptions of the business environment, job availability and future economic prospects, while recession expectations have reached their lowest point this year. Inflation expectations declined to the lowest since late 2020, but price increases remain consumers' top concern. Full Story: CNN (12/20) #believetoachieve #economy #consumerconfidence #retail #homesales

The share of consumers in December who expected to be financially better off a year later reached the highest level since June 2021, according to a Federal Reserve Bank of New York survey. And separate measures of consumer confidence last month jumped. The better mood is good for growth since happier consumers are, on balance, likely to keep spending—and that consumption drives around two-thirds of the U.S. economy.

The economic condition of the United States is changing with the various trends in the consumer's spending habits in 2023. The expenditure on goods and services by the United States consumers is evolving day by day. Studies have found that 55 percent of American consumers' expenditures and purchases are necessary. Get More Info at: https://lnkd.in/dSSjxziR #goodservice #consumergoods #retailsales #marketresearch #consultingservices #consultingfirms #consultingbusiness #mrfr

Are imminent interest rate cuts boosting consumers' confidence? GfK's consumer confidence index rose to -13 in July from -14 in June, though it fell short of the consensus at -12. The MPC has seemingly convinced consumers that rate cuts are forthcoming, lifting confidence to its highest level since September 2021. This optimism should support strong GDP growth in the latter half of the year. The improvement was driven mainly by a significant increase in the major purchases index, with little impact noted from the recent change in government.

Annnnnnnd..... it's gone! Since June 2021, consumers have been spending down their excess savings accumulated during the pandemic. This has enabled consumers to maintain elevated spending levels despite much higher prices due to inflation. However, in aggregate this excess savings (from the long-term trend) is now gone and in-fact negative (below the long-term trend). This along with rising default rates and an extremely low savings rate point to continued challenges ahead for most consumers. Particularly the 80% who do not have a large investment portfolio to fall back on. 

U.S. consumer confidence deteriorated in Apr 2024, falling to its lowest level in more than 1-1/2 years amid worries about the labor market and income. The Conference Board said that its consumer confidence index fell to 97.0 this month, the lowest level since Jul 2022, from a downwardly revised 103.1 in Mar 2024.

Inflationary pressures in the US are expected to ease in 2024 due to lower energy, housing, and food prices. However, rising prices of services may lead to cautious consumer spending. Companies can gain an advantage by understanding consumer insecurities and providing a strong value proposition. Essential items' lower prices help ease inflation, while stricter monetary policies and stable housing supply contribute to the stabilization of prices. Despite this, consumers may still feel pressures on purchasing power, leading to adjustments in spending patterns. #businessstrategy #ConsumerBehavior #inflation