Posted by: Timothy Ellis (The Tim)

Tim Ellis is the founder of Seattle Bubble. His background in engineering and computer / internet technology, a fondness of data-based analysis of problems, and an addiction to spreadsheets all influence his perspective on the Seattle-area real estate market.

One response to “Consumer Confidence Up 12 Percent From Last Year”

  1. softwarengineer

    It Was On the Varney Business News Report This Morning

    BTW, its a FOX news show, but definitely not ultra-right wing….its moderate slanted, just the business facts for business planning mostly.

    40% of American households had an income lost to unemployment in the last 5 years. During this same timeframe, 17% of American households have adults in parents’ basements and even elderly parents in kids’ homes because of unaffordable medical.

    The report when on to say that most of the American middle class missed the stock market profits since 2008, they pulled their cash out of stocks because their incomes are shrinking compared to the rich elite and needed to pay off bills.

    IMO, the forgotten “skewed by rich elite” average household income consumer confidence may have improved, the rich elite are buying stuff with stock profits, while the middle incomes eat cake.

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