• 20 hours The Fastest Growing Energy Sectors Of 2019
  • 2 days How To Spy On Yourself: The Doorbell To End Civil Liberties
  • 3 days Analyst Predicts Tesla Stock Will Soar To $500
  • 4 days Australian Billionaire To Invest In $88 Million Struggling Solar Project
  • 5 days Twitter-Shaming: The Biggest Threat To Any Business
  • 5 days Canada Looks To Become A Major Source For Critical Minerals
  • 5 days Hedge Funds Are Piling Into This Key Commodity
  • 7 days Trade Deal Not Likely Before Christmas 2020
  • 7 days America's $16 Trillion Debt Bubble Is About To Burst
  • 8 days Black Friday Breaks Online Shopping Records
  • 8 days Tesla's Biggest Competitor Is Hiding In Plain Sight
  • 9 days Are Celebrities Good Or Bad For Cannabis Stocks?
  • 10 days Venezuela’s Crisis Continues As Maduro Spends $5 Billion On Oil Deals
  • 11 days Elon Musk Claims 250,000 Orders For Cybertruck
  • 12 days How To Survive Thanksgiving Politics With Cannabis Gravy
  • 13 days The Fragility Of Monetary Policy
  • 14 days 5 Oligopoly Stock Picks For Your 2020 Portfolio
  • 14 days $7 Trillion In Unfunded U.S. Pensions As Domestic Debt Hits A Record High
  • 15 days Retail Is Alive And Well, But Only For The Rich
  • 15 days New Tech Could Unchain The Solar Revolution
Zombie Foreclosures On The Rise In The U.S.

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

Another Retail Giant Bites The Dust

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

Is The Bull Market On Its Last Legs?

Is The Bull Market On Its Last Legs?

This aging bull market may…

  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