Table of Contents
Executive Summary
State of the Economy
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- Figure 1: Key economic indicators, June 2017
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Current Financial Situation
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- Consumer finances still in a good spot
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- Figure 2: Opinion on current financial situation, Q2 vs Q3, February 2017/May 2017
- Consumers consider themselves careful with their money
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- Figure 3: Opinions on financial security, Winter 2013-17
- Northeasterners are most confident in their finances
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- Figure 4: Opinion on current financial situation, by geographic location, May 2017
- Mothers are the most concerned about their economic status
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- Figure 5: Opinion on current financial situation, by parental status, May 2017
- Young Millennials still growing affluence
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- Figure 6: Opinion on current financial situation, Millennials vs non-Millennials, May 2017
Changes in Financial Wellbeing
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- Finances predicted to remain the same
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- Figure 7: Potential changes in economic situation, Q2 vs Q3, February 2017/May 2017
- Parents are more optimistic about their economic status
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- Figure 8: Changes in economic situation, by parental status and gender, May 2017
- Midwesterners have tempered expectations for 2018
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- Figure 9: Changes in economic situation, by geography, May 2017
Improving Finances
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- Consumers more willing to save, less willing to cut living costs
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- Figure 10: Improving economic situation via savings, Q2 vs Q3, February 2017/May 2017
- Job stability, working hard continue to be top factors for economic improvement
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- Figure 11: Improving economic situation via employment or education, Q2 vs Q3, February 2017/May 2017
- Consumers more willing to switch to better jobs
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- Figure 12: Changed jobs in the past 12 months, Winter 2013-17
- Southerners most willing to cut living costs, while others more willing to find a new job
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- Figure 13: Improving economic situation, by geography, May 2017
- Interesting employment has become more important
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- Figure 14: Willingness to stick with boring job, Winter 2013-17
Spending Plans
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- Any changes in the last 3 months? Not really…
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- Figure 15: Spending behaviors, Q2 vs Q3, February 2017/May 2017
- No significant spending changes on the horizon, despite moderate economic improvement
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- Figure 16: Spending plans, Q2 vs Q3, February 2017/May 2017
- Consumers plan on domestic travel, home improvement during summer
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- Figure 17: Home improvement and travel plans for the next 3 months, by parental status, May 2017
- Technology purchases more likely in longer term
Appendix – Data Sources and Abbreviations
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- Data sources
- Consumer survey data
- Abbreviations and Terms
- Abbreviations
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