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Americans Are Suddenly Upbeat About Economy. Sentiment Just Logged Its Biggest Jump in Decades.

Posted on AllSides January 19th, 2024
From The Center

Americans are rapidly becoming much more upbeat about the economy.

Consumer sentiment leapt 13% in the first half of January from December, the University of Michigan said Friday. That came on the heels of a sharp rise in December, causing the index to surge a combined 29% from November, the biggest two-month increase since 1991. The pickup in sentiment was broad-based, spanning consumers of different age, income, education and geography.

The recovery in sentiment “is likely to provide some positive momentum for the economy,” said Joanne Hsu, the Michigan survey’s...

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