The latest from Prosper on Forbes.com on June 1, 2017…

Consumer confidence is down for the second month, but it is tracking 19% higher than last year. What does it mean for spending? Deborah Weinswig, Managing Director of Fung Global Retail & Technology, weighs in on consumer confidence, spending and impulsivity.

consumer confidence May 2017 Prosper Insights and Analytics

  • Prosper Consumer Confidence: Economic sentiment declines for the second month in a row: in May, 52% report that they are confident/very confident, down nearly two points from April. Despite recent setbacks, sentiment is tracking 19% higher year over year and remains well above the 13 month average (48.2%). At 68.6%, confidence among small business owners is flat from last month (68.4%). “Confidence remains high, but modestly lower than the post-election period when sentiment rode high. Strong employment growth in tandem with mild to moderate growth in real wages are bright spots in the US economy and support continue reading...