Americans are looking forward to President-Elect Donald Trump’s presidency!
And now, American consumers are expecting a massive boost in the economy after Trump cuts regulations and brings jobs back to the country.
Consumer confidence surged in early December thanks to expectations that President-elect Trump’s policies will boost the economy, according to a preliminary release of the University of Michigan consumer sentiment index Friday.
The index rose to just below the post-crisis high reached in 2015, which in turn was the highest since 2004, well before the financial crisis. The improvement “was largely due to consumers’ initial reactions to Trump’s surprise victory,” said Richard Curtin, the chief economist for the survey.
When asked what news about the economy they had heard, more respondents mentioned the positive impact of new economic policies than recorded ever before.
Look at this INSANE spike in Economic Optimism since Trump’s election. Just wow. pic.twitter.com/kVWf0tIL1J
— Bill Mitchell (@mitchellvii) December 9, 2016
Winning already and Trump’s not even in the White House yet!