Young people vs older people consumer confidence
We can call this our chart(s) of the day. We have been talking a lot recently about the rising consumer confidence since the election. When taking a closer look there appears to be a divergence between the younger and older crowd. Here is the first chart showing the consumer confidence of those under 35 (white line) and those over 55 (blue line).
(All charts courtesy Bloomberg)
A closer look at the over 55 demographic and we see they have not been this confident since 2007.
The final chart shows how optimistic people who make between $50k and $75k are… This goes all the way back 2000!
Now these charts could mean nothing in the long run but I continue to believe that too large of a group have put their faith in Trump to make changes that will be very difficult. Even if he can change some of the fundamental issues with the US economy (not to mention the global economy) they will take time.
A big thanks goes out to Joe Weisenthal (@) for bringing this to my attention!