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2015-2020 Consumer Sentiment Report From ThinkNow

The following is the 2015-2020 Consumer Sentiment Report From ThinkNow recommended by recordtrend.com. And this article belongs to the classification: Consumer research, research report.

Thinknow has released its latest “consumer sentiment report,” which has thrown the U.S. into chaos in 2020, so the report compares current sentiment with that of the past few years. In the meantime, Americans reported worsening personal financial conditions and a weak economy. The outlook for 2021 is also bleak, and fewer Americans are optimistic about this year’s personal financial improvement. However, the attitude of the U.S. economic situation is mixed, and more Americans feel that change is coming. Compared with the past few years, more consumers think the situation will improve, but there are also many people who think it will get worse.

Changes in household income in the past year

The number of Americans reporting an increase in household income fell 32 percent.

Households whose income remained unchanged grew by 23%.

Households with deteriorating incomes grew by 41%.

The American economy today

The number of Americans who grew the U.S. economy fell by 36 percent.

The number of people who thought they were stagnant increased by 19%.

Americans who think the economy is in recession are up 27 percent.

Americans who feel depressed about the economy are up 11 percent.

Personal financial outlook for next year

The number of people who thought it was better than the previous year fell by 40%.

The number of Americans who thought it was the same as the previous year increased by 34%.

The number of Americans who thought it was worse than the previous year increased by 15%.

American economic outlook

Americans who think the next year will be better are up 37 percent.

The number of people who think the next year will be basically flat will drop by 25%.

The number of people who think the next year will be worse will increase by 25%

Views on the current situation of the U.S. economy are divided into two camps: one is that the U.S. economy will get better, and the other is that the U.S. economy will get worse. The proportion of people who hold positive views has decreased, while the proportion of people who hold negative views has increased.

Other findings

Only a quarter of Americans (23%) report an improvement in household income in 2020, the lowest in the past five years.

In 2020, the proportion of people whose income “deteriorates” will increase significantly among all ethnic groups.

In 2020, Hispanics and African Americans are still the most likely to lose their jobs.

The proportion of Americans who believe that the current political climate will have a positive impact on their personal prospects in the coming year continues to increase.

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