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2017 Outlook Held Back by Generation Gap

spending confidence trends
The consumer outlook in early 2017 continues to be held back by slipping confidence among Millennials—which is offsetting surging confidence to spend among Boomers.

Further restraining the outlook in February was a slight slip in confidence among Gen X, which has been the key consumer segment driving spending since the recession.
The Spending Confidence Index™ by Generation
These are the latest signs from the update of the Spending Confidence Index™, which is the proprietary index created by MacroSavvy™ based on data from Prosper Insights and Analytics™.

In terms of the February data from the Index by generation and category:

See the scorecard for a summary of the spending confidence measures.

For more background about the Spending Confidence Index™ and its components, the white paper at this link explains why the new index is an improvement over existing measures of confidence.

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