The latest from Prosper on Forbes.com on August 31, 2017…
This month’s consumer confidence reading is the most optimistic recorded for August within the last decade, although it is off from July. Both consumer mood and impulsivity are also down. How will it impact spending? Deborah Weinswig, Managing Director of Fung Global Retail & Technology (FGRT), weighs in on confidence, consumer spending and the consumer mood index, noting income and age driven variances.
Prosper Consumer Confidence: This month, 53.1% of consumers are confident or very confident in the economy, off nearly a point from last month, but continuing to represent a substantial increase over figures recorded a year ago. From a historical perspective, this month’s figure is the most optimistic sentiment recorded for August within the last decade. At 64.1%, confidence among small business owners is down from last month (67.0%). “A deeper dive into the Prosper August Confidence reading reveals that households with incomes greater than $75K are significantly more confident than the adult population generally. Specifically, 62.6% of consumers with household incomes of $75K+ are continue reading…
