Despite a rise in headline consumer confidence, there are increasingly gaping divergences between various cohorts that suggest all is not well in America. Regionally, Pacific ‘confidence’ has surged while New England has plunged. Plans to buy a car or a major appliance or a home all dropped, with the latter at its lowest in 10 months. But most worrisome is the record divide between ‘young’ and ‘old’ Americans confidence in the US economy…
The “Under-35’s are the most confident since the year 2000…
But the Over-55s are the least confident in a year driving the economic age divide to its greatest in at least 36 years.
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