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Why Americans Feel Worse About the Economy Despite Strong Spending
Americans are increasingly pessimistic about their financial futures, even as consumer spending remains strong and unemployment stays low. With 41% expecting their finances to worsen over the next year, Chuck Zodda and Mike Armstrong question whether consumer sentiment surveys accurately reflect the state of the economy.
Broadcasting live from the Museum of American Finance in Boston, The Financial Exchange examines the disconnect between economic data and consumer confidence, the risks facing homeowners with adjustable-rate mortgages, and why expectations for a year-end stock market rally…
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