How do you feel about the economy? Your answer might depend on your party

Jul 12, 2024
There's a persistent partisan gap in consumer sentiment polling.
Turns out how you feel about the economy might depend on which party you vote for at the ballot box.
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A closer look at wage measures hints at why consumers still feel gloomy

Jul 4, 2024
Average wage growth has slowed in recent months, though according to the May jobs report, it’s still ahead of inflation.
"While wages have grown across the board, we've actually had the strongest wage growth among the lowest earners," says Valerie Wilson at the Economic Policy Institute.
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Economic data is looking good. So why the glum vibes?

Jun 25, 2024
Unemployment is near record lows, GDP is growing, inflation has been trending down, wages are up. But in spite of it all, people are feeling bad.
One reason for all the economic angst? A very positive reference point from earlier in the pandemic might make some consumers feel like nothing will compare.
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Why isn't the cost of borrowing money included in the consumer price index?

May 15, 2024
Loans are a big cost, but they would muddle the data in the CPI. Fed rate hikes would essentially create inflation, despite their intention.
Borrowing is a major expense for many Americans. One example is the interest on car loans.
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As consumer sentiment survey is released, differences emerge at different wealth levels

Apr 26, 2024
Inflation continues to be a key factor but richer folks have greater protection from its effects.
Wealthy and low-income households are not experiencing inflation the same way, says Kayla Bruun with Morning Consult.
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How's the economy doing?

Jan 25, 2024
Sentiment has improved. But the difference in opinion between high and lower earners is wide right now. Grand Canyon wide.
Morning Consult's new consumer sentiment poll shows a growing divide between high and low earners.
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Consumers are cranky though the economy is OK

Jan 8, 2024
Worries about inflation persist even as wages are rising but will consumer sentiment improve this year?
A portrait showing the sentiment of the modern American consumer.
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For public good, not for profit.

With prices falling and incomes rising, consumers get a break in time for Christmas

Dec 22, 2023
The PCE report for November shows that prices fell slightly and disposable personal income rose, along with the savings rate.
Consumers have been sullen about the economy despite the improvement in inflation, but that might be changing.
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Fed meets this week to assess inflation fight

Dec 11, 2023
Consumers are now more upbeat, convinced inflation is heading down, according to the University of Michigan Consumer Survey for December.
Whatever officials at the Federal Reserve think about their inflation fight, consumers appear to have decided they’ve won.
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Ringing in the holiday season with consumer sentiment at a 6-month low

Nov 10, 2023
The latest consumer survey from the University of Michigan shows that sentiment dropped for the fourth straight month.
Through lockdowns and supply chain snarls, inflation and interest rate hikes, consumer spending has remained resilient.
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