Center for Microeconomic Data

 
SURVEY OF CONSUMER EXPECTATIONS
November Survey: Consumers Are More Optimistic About Their Financial Situations
  • Year-ahead expectations about households’ financial situations improved considerably in November. The share of households expecting a better financial situation one year from now rose to its highest levels since February 2020, while the share expecting a worse financial situation fell to its lowest level since May 2021.
  • Median inflation expectations increased by 0.1 percentage point (ppt) at all three horizons in November: one-year-ahead inflation expectations increased to 3.0 percent; three-year-ahead inflation expectations increased to 2.6 percent; and five-year-ahead inflation expectations increased to 2.9 percent.
  • Mean unemployment expectations—or the mean probability that the U.S. unemployment rate will be higher one year from now—ticked up by 0.5 ppt to 35.0 percent.



For more details:
Press Release: Consumers Express Optimism About Their Future Financial Situations; Inflation Expectations Tick Up
SURVEY MODULES
Fielding the Survey
The SCE is a nationally representative, Internet-based survey of a rotating panel of approximately 1,300 household heads. Respondents participate in the panel for up to twelve months, with a roughly equal number rotating in and out of the panel each month. Unlike comparable surveys based on repeated cross-sections with a different set of respondents in each wave, our panel enables us to observe the changes in expectations and behavior of the same individuals over time.
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