Consumers Increasingly Upbeat About The Economy
When it comes to its financial future, America’s mood is improving. In McKinsey & Co.’s latest ConsumerWise analysis, 41% of respondents say they are optimistic about the U.S. economy, up from 33% in the previous quarter. They plan to spend -- and even trade up -- a little more freely in the coming months, especially on essential, semi-discretionary, and discretionary items. That jibes with the just-released monthly Consumer Confidence Index, which shows an increasingly rosy outlook for the economy, the job market and income.