“With a budget deal to fund the government through 2015 and little tolerance for a showdown in Congress over raising the debt ceiling, the budget uncertainties that have affected consumer sentiment over the last several years are at least temporarily on hold,” says Chris McCarty, director of UF’s Survey Research Center in the Bureau of Economic and Business Research.
“Florida seniors are particularly more optimistic as much of the wrangling over the budget had the potential to impact them negatively,” he adds.
According to the survey, respondents’ overall view that they are better off financially now than a year ago fell one point to 68. However, their expectations of being more prosperous this time next year remained unchanged at 78.
Meanwhile, survey takers’ confidence in the U.S. economy for the coming year rose three points to 76, and it shot up nine points to 83 when they were asked to consider the nation’s economic health for the next five years.
Their perceptions about whether it’s a good time to buy big-ticket items, such as a car, fell six points to 85.
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