Here’s Why Today’s Consumer Confidence Number Was Exceptionally Scary

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Here’s some more color on this morning’s weak consumer confidence data courtesy of our friends at Waverly Advisors.

As you can see, it’s the 55+ over set losing hope the fastest while youth are on the rebound. The problem is that the 55+ are the most likely to make big-ticket purchases that are crucial to a spending rebound.

And just to clarify, young folks are generally more optimistic than those older, but the divergence is a surprise (especially in light of high youth unemployment)

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