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 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 fell for a fourth consecutive week to its lowest level since early April as Americans’ views on the economy and buying climate deteriorated.
Americans’ views of the U.S. economy are increasingly colored by politics, making consumer sentiment a less reliable gauge of the outlook for the spending that drives growth.
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 last week to the lowest level in two months as Americans’ views on the economy deteriorated.
Consumer confidence cooled last week from its highest level in more than five years as Americans’ views on the economy, personal finances and spending receded.
Consumer confidence rose last week as an improving job market helped make Americans the least pessimistic about the economy in more than five years.
American consumers last week were the most upbeat in more than five years as firings retreated for the first time to the lowest level since before the recession, paving the way for a pickup in economic growth.
"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