Surveys of Consumers

Surveys of Consumers refer to studies that gather information from households about their financial conditions, spending habits, and expectations regarding the economy. Conducted monthly by organizations like the University of Michigan, these surveys ask participants about their views on current and future economic situations, jobs, and buying plans. The results help economists and policymakers understand consumer confidence, which can influence economic trends. Essentially, these surveys provide valuable insights into how consumers feel about the economy and their personal finances, which can impact spending and investment decisions.