Wednesday, September 4, 2013

Gallup Looks at the Consumer

It's an open question as to whether Americans are feeling more confident about this economy, but at any rate, they do appear to be spending more money. According to the results of a Gallup poll, Americans reported spending $95 per day in August, the highest that figure has been in five years.

The new figure hasn't been topped since September 2008, the month the financial sector collapsed, when Americans reported spending $99 per day. The number bottomed out in the summer of 2010, at $63 per day.

Still, Gallup also reports that Americans' economic confidence is not especially strong. After peaking at -3 in June - almost into positive territory - Gallup's poll on that measure has sagged back down to -14. On the other hand, that's up from where it started the year, at -21.

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