Take a moment to consider your financial situation: Are you better or worse off financially than you were a year ago? Do you think you'll be better off a year from now? And where do you see the country headed in the next five years?
"It's a measure that we can compare over time and get a pulse on the attitudes of consumers," said Joanne Hsu, director of the Surveys of Consumers at the University of Michigan. "Which is important given that consumer spending is over two-thirds of GDP."
Source: Financial Digest (financialdigest.net)
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