American consumers in 2013 were more upbeat than at any time in the previous six years as views on the economy, finances and the buying climate improved.
Consumer confidence was little changed last week even as the government’s partial shutdown and the prospect of a default made Americans less optimistic about the economy.
Consumer confidence has been higher among Democrats than Republicans for a record 18 straight weeks, indicating that politics are driving perceptions of well-being.
Consumer confidence fell for a fourth consecutive week to its lowest level since early April as Americans’ views on the economy and buying climate deteriorated.
There appears to be a longer-term process of alienation under way in the U.S., with conservative whites increasingly assuming the posture of aggrieved outsiders.
Consumer confidence in the U.S. rose for a second week as gasoline prices receded.
Consumer confidence dropped last week to the lowest level since the end of January as slower U.S. job growth contributed to pessimism about personal finances and spending.
Consumer confidence climbed last week to the highest level since April 2008 as Americans grew less pessimistic about their finances.
Consumer confidence climbed to a seven-month high last week as more Americans said it was a good time to make purchases, pointing to a brighter holiday shopping season.
"If we get another bad week in the week ahead, we can expect to see more of a decline in next week's index."
- Gary Langer on Oct 10, 2013