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Americans Are Ready For Economic Takeoff—But Fed Expresses Continued Reserve – Forbes Advisor

Updated: Apr 29, 2021, 1:12pm Editorial Note: Forbes Advisor may earn a commission on sales made from partner links on this page, but that doesn t affect our editors opinions or evaluations. Shoppers wait to enter a store in New York City on April 28. China News Service via Getty Images In his first address before Congress on Wednesday, President Joe Biden remarked that as he reaches 100 days in office, “America’s ready for a takeoff.” It appears that much of the nation is feeling the same way. Consumer confidence reached 61.4 this week (out of 100), according to the Forbes Advisor-Ipsos Consumer Confidence Weekly Tracker. That’s a new pandemic high, and it’s 10 points above the pandemic average.

Why Jobless Americans Are Feeling More Confident, Despite Continued Unemployment

WKBT April 22, 2021 1:14 PM Lisa Rowan - Forbes Advisor Posted: Updated: April 24, 2021 6:38 AM Everyone over 16 in the U.S. is now eligible to be vaccinated against Covid-19 and this good news parallels consumers’ growing optimism about their financial outlook.  Overall consumer confidence reached 60.7 (out of 100) this week, according to the Forbes Advisor-Ipsos Consumer Confidence Weekly Tracker. That’s an increase of 1.2 points from last week and 10 points above the pandemic average. The survey, conducted by Ipsos, measures consumer sentiment over time. Even people who are out of work are feeling a confidence boost this week. The survey found that unemployed Americans enjoyed a boost in confidence about the economy and their finances this week, jumping up 6 points to 55.3. 

Lower-Income Households Still Cautious As Stimulus Spurs Retail Spending

Lower-Income Households Still Cautious As Stimulus Spurs Retail Spending

Jobs Confidence Jumps As Weekly Unemployment Claims Decline