Americans are happy to spend their cash, but will the confidence last?
On Friday, the University of Michigan reported that its Consumer Sentiment Index reached a 13-year high of 101.1 in October, up from 95.1 in September, an unexpected leap in confidence. Big gains were reported in both the index for economic conditions, which rose to 116.4 from 111.7, and expectations, which rose to 91.3 from 84.4.
Johnson, Robert R. PhD, "Americans are happy to spend their cash, but will the confidence last?" (2017). Faculty Publications. 870.