Americans grow more pessimistic about their financial future

By Kelsey Ramírez
Consumers grew less optimistic in their future this July, however confidence levels remain historically high, according to the Survey of Consumers conducted by the University of Michigan.
One expert predicted consumer sentiment would decrease in July, and explained what that would mean for the economy.
“If Friday’s Consumer Sentiment Index comes in lower again, it’s underscoring people don’t have extra money to spend now, and are pessimistic about the future,” said Robert Frick, Navy Federal Credit Union corporate economist. “And right now, that index is a good measure of the key number in today’s economy: wage growth.”
The Index of Consumer Sentiment fell 1.8% from 95.1 last month’s 95.1 to 93.4 in July. This is up 3.8% from last year’s 90.
Read the Full Article at >>>>


We See The World From All Sides and Want YOU To Be Fully Informed
In fact, intentional disinformation is a disgraceful scourge in media today. So to assuage any possible errant incorrect information posted herein, we strongly encourage you to seek corroboration from other non-VT sources before forming an educated opinion.

About VT - Policies & Disclosures - Comment Policy
Due to the nature of uncensored content posted by VT's fully independent international writers, VT cannot guarantee absolute validity. All content is owned by the author exclusively. Expressed opinions are NOT necessarily the views of VT, other authors, affiliates, advertisers, sponsors, partners, or technicians. Some content may be satirical in nature. All images are the full responsibility of the article author and NOT VT.
Previous articleFive Jobs That Will Transform The Future Of Retail
Next articleFewer teens working summer jobs