, with more people saying they plan to go on a vacation or buy a home, car or big appliance in the next six months, according to data from theLuggage sits in a cart as it is loaded into the Celebrity Edge cruise ship in Fort Lauderdale,Florida, before it departs on June 26, 2021. It is the first major cruise ship to restart operations from a US port since the Covid-19 pandemic shutdown cruise travel.
Consumers were far more optimistic than analysts had expected: The median prediction of analysts was a 1% increase in the CCI,Respondents expected inflation to rise in the next year, but that “had little impact on” their feelings about the economy or how they would spend their money, according to the report release.
The results indicate that “economic growth has strengthened further” in the second quarter, said Lynn Franco, director for surveys and economic indicators at the Conference Board, in a statement on the survey. Franco said people believe both their financial situation and those of businesses will improve in the next six months.
More than half of people said jobs are ‘“plentiful” right now, an increase from May, but only one in four believe there will be more jobs in the next six months.18.6%. That’s the percentage of people who “expect their incomes to increase”—the highest share since April 2020.
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