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The highest proportion of consumers since 2007 reported to the rising home values, and the highest proportion of homeowners expected additional increases in their homes value during the year ahead, according to the U-M Institute for Social Research, which since 1946 have monitored consumer attitudes and expectations. Just under one-in-ten homeowners said that they would lose money if they sold their home today, half the level recorded a year ago.
Younger and upper-income households were more likely to report income gains in the June survey, while older and lower-income households were more likely to cite lower incomes and falling living standards, the ISR survey showed.
Only consumers under age 45 anticipated income gains that were larger than the expected rate of inflation. Overall, just 12 percent of all consumers expected their incomes to go up faster than next years relatively low rate of inflation.
Meanwhile, Americans aged 18 to 29 who have at least a college degree are nearly twice as likely (65.4%) as their counterparts without a degree (38.6%) to have a full-time job, Gallup reported Friday. A college education in today's job market could account for this difference, but then so could some young adults without a degree not looking for full-time work while they continue with their education.
Household wealth, not more jobs, better wages, driving consumer confidence
How do we change the Republican mindset?
Younger and upper-income households were more likely to report income gains in the June survey, while older and lower-income households were more likely to cite lower incomes and falling living standards, the ISR survey showed.
Only consumers under age 45 anticipated income gains that were larger than the expected rate of inflation. Overall, just 12 percent of all consumers expected their incomes to go up faster than next years relatively low rate of inflation.
Meanwhile, Americans aged 18 to 29 who have at least a college degree are nearly twice as likely (65.4%) as their counterparts without a degree (38.6%) to have a full-time job, Gallup reported Friday. A college education in today's job market could account for this difference, but then so could some young adults without a degree not looking for full-time work while they continue with their education.
Household wealth, not more jobs, better wages, driving consumer confidence
How do we change the Republican mindset?
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