Center for Microeconomic Data

Consumers’ Household Financial Expectations Rise; Inflation Expectations Lower at Short Term
Perceptions about households’ current financial situations improved, with more respondents reporting being better off than a year ago, according to the May Survey of Consumer Expectations. Respondents who expect to be financially the same or better off in twelve months came in at 78.1 percent, its highest level since June 2021. The mean perceived probability that U.S. stock prices will be higher in the year ahead increased to 40.5 percent, the highest reading since May 2021. Median inflation expectations at the one-year-ahead horizon declined slightly to 3.2 percent, remained unchanged at the three-year-ahead horizon at 2.8 percent, and increased at the five-year horizon to 3.0 percent.

For more details:
Press Release: Consumers More Optimistic about Their Financial Situation and the Stock Market
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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