Americans have most hope in a decade
On the surface,
the message from the University of Michigan's final reading of consumer sentiment for November is that President-elect Donald Trump will fix what ails the nation — fast.
The consumer expectations index of the survey rose by 8.4 points from October to 85.2 — a one-month gain last exceeded in the December 2011 — a testament to households' optimistic view on the outlook for the U.S. economy and their own pocketbooks.
Source: Bloomberg
And 'optimistic' might be an understatement.
According to the latest report, in some cases,
Americans are the most hopeful they have been in more than a decade.
For the first time since 2006, 37 percent of households said they expect their personal finances to improve in 2017.
Also hitting decade highs: real income expectations, as wage growth continues to gain strength in a broadening swath of the economy.
