(Bloomberg) -- Americans’ sentiment improved to the best level in two months on brighter views of the economy and personal finances, the Bloomberg Consumer Comfort Index showed Thursday.
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Highlights of Consumer Comfort (Week Ended June 24) |
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Key Takeaways
Views about the economy are hovering near the best level since 2000 as a strong labor market and durable expansion offset any concerns about the effects of trade tensions. Lower taxes and a recent decline in gas prices are leaving more money in consumers’ pockets, with the survey showing sentiment among those earning less than $50,000 advancing to the highest in data back to 2010.
Other Details
- The gap between high and low-income earners remains about even with historical levels after easing from a record about a year earlier
- Sentiment among Democrats rose this week to match the highest reading since early March; comfort eased among Republicans from an all-time high the prior week
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