• 7 hours Who Will Pay For The $40 Trillion Energy Transition?
  • 1 day Why Chinese Rare Earth Prices Are Soaring
  • 2 days 2021 Could Be A Huge Year For Chinese Stocks
  • 3 days Shadowy Brokers Target Easy TikTok Money In New Scheme
  • 4 days Cannabis Sales Are Soaring In The United States
  • 5 days Biden Will Be A Boon For Solar Stocks
  • 6 days The Shroom Boom Is Here To Stay
  • 9 days The Gold Rally Has Finally Run Out Of Steam
  • 9 days Citibank Analyst Predicts $300k Bitcoin By End Of 2021
  • 12 days Bitcoin Lives Up To Its Safe Haven Status In A Big Way
  • 12 days 14 Million People Will Lose Unemployment Benefits On December 31st
  • 14 days Why 12 Million American Millionaires Isn’t Good News
  • 15 days Big Oil Is Paying The Price For Investing In Renewables
  • 16 days The Banking Industry’s $35 Billion Gravy Train Could Disappear
  • 17 days Did Amazon Just Democratize Prescription Drugs?
  • 18 days The Private Space Race Just Got Very Real
  • 20 days Short Sellers Are Willing Big In This Turbulent Market
  • 21 days SpaceX Gets Go-Ahead To Send Humans Into Space
  • 22 days Saudi Arabia Lost $27 Billion In Oil Crash
  • 23 days China’s Big Tech Takes A Hit As Regulators Crack Down
How The Ultra-Wealthy Are Using Art To Dodge Taxes

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

What's Behind The Global EV Sales Slowdown?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

  1. Home
  2. Markets
  3. Other

Fed Household Spending Survey Projections in Firm Downtrend

Fed Survey of Households

Every month the New York Fed interviews a rolling group of 1200 people to produce a detailed Survey of Consumer Expectations.

Interested parties can download the Survey Questionnaire PDF.

The Fed states:

Where existing surveys look at consumer sentiment and the decisions households make, their coverage of household expectations is limited; the Survey of Consumer Expectations seeks to collect information on a wide variety of consumer expectations - including inflation, future earnings, household income, house prices, access to credit, layoff risk and reemployment prospects, and US economic conditions overall. Through a set of quarterly special surveys it also aims to focus in depth on special topics such as household finances as well as labor and housing market issues and outcomes.


NY Fed - One Year Look Ahead Spending Survey Projections

Household Spending Growth Projections


Projections

  • High-end spending projections have been slowly drifting lower for quite some time, but the decline became more noticeable about a year ago.
  • Median spending projections took a sustained turn for the worse in December of 2014.
  • Low-end spending projections to a sustained dive starting November of 2014.

Given the Fed places so much faith in various consumer confidence numbers, I have a simple question: Why don't they believe their own survey?

 

Back to homepage

Leave a comment

Leave a comment