US consumer confidence remains strong, despite savings dip
Survey shows highest morale since late 1990s
The US consumer might be a cause for concern, but the latest Conference Board survey of consumer confidence doesn’t show any cracks. The view of the present situation as well as expectations about the future are the highest since the late 1990s.
The survey results come despite the fact that, as we wrote earlier today, US households are now saving just 2.4% of their disposable income, barely above the record low registered just before the 2008 financial crash.