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Friday, May 06, 2016

Consumer Spending Update: Ka-Ching! Confidence in Personal Finances Grows

Consumers may still have concerns about the U.S. economy and the direction it’s heading, but it’s a different story when it comes to their own finances.

Since last October, we have seen personal finance ratings steadily improving from month to month, with May’s index up two-and-a-half points from last month and the highest reading since last June.

Consumers expect even better things ahead when it comes to their own wallets. The index of personal finance direction is up four points from last month and is now at its highest level since January of 2015.

Fewer people also now cite an anticipated shortfall in income in the next 30 days, and more expect to have money left over after paying their debts this month.

For more information on Rasmussen Reports’ consumer spending data, please send an e-mail to info@rasmussenreports.com.