US consumer sentiment at highest point in 8 years
Source: AP-Excite
By CHRISTOPHER S. RUGABER
WASHINGTON (AP) A survey finds U.S. consumers are more optimistic about the economy than at any other time in the past eight years, buoyed by more jobs and falling gas prices.
The University of Michigan says its index of consumer sentiment has jumped to 93.6 from 88.8 in November. That's the highest level since January 2007, nearly a year before the Great Recession officially began.
Americans may finally be shedding some of their anxiety about the economy. Half the respondents expect the U.S. to avoid a recession in the next five years, the most in a decade.
Americans are also more optimistic about pay: They expect a wage gain of 1.7 percent in 2015, the highest since 2008. Higher expectations about pay typically suggest that Americans are more likely to demand raises.
Read more: http://apnews.excite.com/article/20141223/us--consumer_sentiment-7372803067.html
Fred Sanders
(23,946 posts)the vast majority of regular folk are tons better off than 6 years ago, as well as irregular folk.
Now that the good ship SS Billionaire Theft has been halted, time to turn that beast around.
question everything
(47,488 posts)stock market is sky rocketing (even if you don't have money in the market, your insurance company does..)
How lucky we are that President Romney brought his business experience and knowledge to... Oops.
He would have basked in the glory. But try give Obama credit. Oh, it is the cycle.
Omaha Steve
(99,665 posts)Wages aren't going up. There are more lower jobs. This isn't the best we as a country can do. We need a pro AMERICAN WORKER Congress!
Sunlei
(22,651 posts)GliderGuider
(21,088 posts)Sunlei
(22,651 posts)a million phone calls a day for a couple weeks will do it.