November 16, 2021
THANKS, JOE!:
Americans are optimistic about their finances and plan to splurge this holiday season, survey finds (Katherine Wiles, 11/16/21, MarketWatch)
A new survey from MassMutual shows that consumers are feeling optimistic about their finances -- and are planning to spend $1,243 on average on holiday-related purchases this season. For comparison, the national median rent was $1,312 in October, according to a report from Apartment List.The MassMutual Consumer Spending & Saving Index surveyed 1,000 U.S. adults online between Oct. 18 and Oct. 22, 2021.The survey found that despite record-high inflation, 73% of Americans said they're feeling optimistic about their finances. Thirty-five percent said they're feeling "very optimistic" about their finances, up from 27% in July and 21% in February.
There's never a bad time to replace income taxes with consumption taxes.
Posted by Orrin Judd at November 16, 2021 12:19 PM