American consumers haven’t been this happy in more than 15 years and Donald Trump is glad to take the credit.
The U.S. Consumer Confidence Index climbed nearly four points, from 109.4 in November to 113.7 in December, the highest level since 2001, Fox News reported.
The President-elect gave himself a pat on the back for the surge, tweeting “Thanks Donald!” on Tuesday.
The U.S. Consumer Confidence Index for December surged nearly four points to 113.7, THE HIGHEST LEVEL IN MORE THAN 15 YEARS! Thanks Donald!
— Donald J. Trump (@realDonaldTrump) December 28, 2016
Apparently, Americans agree with Trump, indicating more optimism about the incoming administration.
According to the report from the New York-based Conference Board, consumer expectations for the future hit a high of 105.5, the highest since December 2003, from 94.4.
The “post-election surge in optimism” was strongest among Americans who were older, Director of economic indicators at the Conference Board Lynn Franco said.
Following the Christmas shopping season, Trump also commented on the increase in spending since his election victory.
The world was gloomy before I won – there was no hope. Now the market is up nearly 10% and Christmas spending is over a trillion dollars!
— Donald J. Trump (@realDonaldTrump) December 26, 2016
“The election of Donald Trump has raised household expectations for the economy to a very high level,” Stephen Stanley, chief economist at Amherst Pierpont Securities, wrote, according to Fox. “It remains to be seen whether Trump can deliver.”
Many Americans, who have let their wallets do the talking, have no doubt he can.
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