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At 63.6%, confidence among small business owners is down from last month (64.1%).“A deeper dive into Prosper’s consumer confidence readings reveals 60.4% of $75K+ income households are confident or very confident in the economy, 840 basis points higher than the confidence levels of adults 18+ older. FGRT also looked at confidence by age cohort; Millennials (18-34), GenX, and Baby Boomers. GenX has the greatest confidence at 53.2% and Baby Boomers exhibited the largest year-over-year increase in confidence, up 27% at 51.3%, but still below the 52% reading for the adults generally. At 51.7%, confidence among Millennials dropped 2.6% from year ago levels,” Weinswig commented. ABOUT: Consumer confidence is based on respondents who indicated that they are either confident or very confident in the chances of a strong economy during the next six months. • Prosper Consumer Spending Forecast: At 83.1 the September Consumer Spending Forecast is down from last month (84.6) and flat versus last year (83.0). Spending on discretionary items is down -3% month-over-month and flat year-over-year. Spending on staples is down -1% month-over-month and flat compared to ชุดผ้าปูที่นอน 5 ฟุต last year.Weinswig commented, “When we look the spending forecast by age cohorts, Boomers again exhibit the greatest year-over-year increase, up 2.7% for a 79.2 Consumer Spending Forecast reading, and again below the aggregate reading of 83.1. Millennials have the highest spending forecast at 87.5, down 2.2% from year ago levels and 5.3% higher than the aggregate. FGRT has published an extensive Millennials Series addressing spending preferences, behavior, and lifestyle of this demographic segment.  The spending forecast on discretionary items among Millennials declined a substantial 9.5%, offset by a 3% lift in the forecast for Boomers.

For the original version including any supplementary images or video, visit https://www.forbes.com/sites/forbesinsights/2017/09/28/genx-has-the-greatest-confidence-but-the-spending-forecast-is-driven-by-millennials-and-boomers/

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