According to new data released by the Conference Board consumer confidence is through the roof despite economists’ predictions. The board found its consumer confidence index soared to 125.6 in March, up from 116.1 in February.
Economists have predicted a decline to 114.1.
This is the highest it has been in 16 years. And it has been climbing ever since Trump’s election. Despite all the negative news attention, according to these numbers, Americans are feeling better than they have in a very, very long time.
And the group that is growing the fastest? Trump will be happy to hear this one; it’s the middle class.
The confidence index for households with incomes between $50,000 and $75,000 has risen from 100.4 prior to the election to 135.2. Households with incomes between $35,000 and $50,000 registered a rise from 79.9 to 113.4.
Why are consumers so happy? They are confident about both their present situations and their expectations for the future, according to the Conference Board.
So next time you hear a news story about how all of America hates the president, just remember that’s not the case. Here’s one piece of evidence to prove it.