This December, consumer confidence in the United States has hit an all time high for the first time in fifteen years. This correlates with experts predicting there would be a surge in job growth, business conditions and the stock market following the aftermath of the U.S. presidential election.
The Conference Board, through its predictive Consumer Confidence Index model, estimated a level of 109.4 in November. However, the actual consumer confidence level reached 113.7.
Notably, President-elect Donald Trump tweeted on Monday regarding how the “stock market is up nearly 10% and Christmas spending is over a trillion dollars!” since being elected. His tweet can be read below:
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
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