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You are here: Home / News / Downturn in Economic Optimism Is Not Affecting Americans’ Holiday Spending Plans

Downturn in Economic Optimism Is Not Affecting Americans’ Holiday Spending Plans

December 13, 2018 by Hart Research Leave a Comment

Our fourth-quarter All-America Economic Survey for CNBC finds mixed messages on the economy.  There has been a significant drop-off since last quarter in the proportion of Americans who say the economy is in good shape, paired with reduced optimism about how the country’s economy will do over the next 12 months.  The survey finds that the huge volatility in the stock market has many people spooked.  At the same time, we recorded the highest projected average holiday spending number in the survey’s 12-year history—an average of $1,118, making this the first time average spending has been above $1,000.

Learn more about the survey’s findings here.

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Hart Research
13 Apr
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@HartSurveys

One bright spot in the #CNBCAllAmericaSurvey: 52% of homeowners expect the value of their home to increase in the next year, highest recorded since 2017.

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Hart Research
13 Apr
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@HartSurveys

Real estate still seen as the best investment (39%) with gold in 2nd place (24%). 14% say crypto is best with ppl under 35 the biggest fans (25%, 2nd only to real estate). #CNBCAllAmericaSurvey

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Hart Research
13 Apr
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@HartSurveys

So far Americans mostly aren’t cutting back spending to the extent they did a decade+ ago but grocery cutbacks are on par and credit card use is up. #CNBCAllAmericaSurvey pic.twitter.com/je8E…

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Hart Research
13 Apr
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Biden catches inflation blame mostly from Republicans, but everyone blames corporate greed. #CNBCAllAmericaSurvey pic.twitter.com/Ekz4…

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13 Apr
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In our #CNBCAllAmericaSurvey half say Biden’s policies a “major cause” of inflation—not great—but far more blame COVID disruptions & corporations “taking advantage”. pic.twitter.com/cITR…

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