{"id":356159,"date":"2010-02-23T17:09:02","date_gmt":"2010-02-23T22:09:02","guid":{"rendered":"http:\/\/www.businessinsider.com\/heres-why-todays-consumer-confidence-number-was-exceptionally-scary-2010-2"},"modified":"2010-02-23T17:09:02","modified_gmt":"2010-02-23T22:09:02","slug":"heres-why-todays-consumer-confidence-number-was-exceptionally-scary","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/356159","title":{"rendered":"Here&#8217;s Why Today&#8217;s Consumer Confidence Number Was Exceptionally Scary"},"content":{"rendered":"<p>Here&#8217;s some more color on <a href=\"http:\/\/www.businessinsider.com\/consumer-confidence-misses-expectations-big-time-2010-2\">this morning&#8217;s weak consumer confidence data<\/a> courtesy of our friends at <a href=\"http:\/\/www.waverlyadvisors.com\/\">Waverly Advisors<\/a>.<\/p>\n<p>As you can see, it&#8217;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.<\/p>\n<p>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)<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/static.businessinsider.com\/image\/4b8451830000000000e0dfeb-626-435\/chart.png\" border=\"0\" alt=\"chart\" width=\"626\" height=\"435\" \/><\/p>\n<p><a href=\"http:\/\/www.businessinsider.com\/heres-why-todays-consumer-confidence-number-was-exceptionally-scary-2010-2#comments\">Join the conversation about this story &#187;<\/a><\/p>\n<p><b>See Also:<\/b><\/p>\n<ul>\n<li><a href=\"http:\/\/www.businessinsider.com\/market-pukes-after-the-latest-consumer-confidence-numbers-2010-2\">Market PUKES After The Latest Consumer Confidence Numbers<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/consumer-confidence-misses-expectations-big-time-2010-2\">Consumer Confidence Collapses, Missing Expectations Big Time As Present Situation Index Hits 27-Year Low<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/doug-kass-the-us-consumer-is-sick-and-you-should-go-short-retail-with-impunity-2010-2\">Doug Kass: The US Consumer Is Sick And You Should Go Short Retail With Impunity<\/a><\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~r\/TheMoneyGame\/~4\/Wxm2rPUoSP0\" height=\"1\" width=\"1\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Here&#8217;s some more color on this morning&#8217;s weak consumer confidence data courtesy of our friends at Waverly Advisors. As you can see, it&#8217;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 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-356159","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/356159","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=356159"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/356159\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=356159"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=356159"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=356159"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}