EconomyDec 12, 2023
U.S. Consumer Sentiment is Mostly Improving YoY ⬆️
@visualcapitalist
What we’re showing
Year-over-year changes in consumer sentiment, as measured by WalletHub’s Economic Index (Nov 2023 vs Nov 2022).
Key takeaway
Americans are more likely to make large purchases than they were 12 months ago, and are feeling more confident in managing their debt.
Stress levels over money, however, are 8% higher than last year.
Dataset
| Sentiment Indicator | YoY Change (%) | Intepretation |
|---|---|---|
| Finances | ||
| Optimism about current finances | -0.3 | Bad |
| Optimism about finances 6 months from now | 2.5 | Good |
| Stress level about money | 8 | Bad |
| Jobs | ||
| Satisfaction with current job opportunities | -2.4 | Bad |
| Confidence in having a job in next 6 months | 2.6 | Good |
| Large Purchases | ||
| Likelihood of buying a car in next 6 months | 9.8 | Good |
| Likelihood of buying a home in next 6 months | 14.5 | Good |
| Likelihood of other big purchases in next 6 months | 18.2 | Good |
| Credit | ||
| Likelihood of paying off debt | 3.5 | Good |
| Likelihood of credit score increasing in next 6 months | 2.3 | Good |
Data sources
The WalletHub Economic Index is based on a nationally representative online survey that WalletHub conducts monthly. There has been a total of nearly 8,500 respondents between December 2020 and November 2023.
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