The Key Takeaways From December Consumer Confidence Data

The video discusses a drop in consumer confidence to a five-month low, driven by economic concerns and potential Trump policies. Dana Peterson from the Conference Board explains the survey results, highlighting consumer worries about tariffs and inflation. The discussion covers the impact of tariffs, Federal Reserve policies, and future economic risks. Despite concerns, consumers still plan to spend on homes, cars, and vacations, indicating resilience in consumer behavior.

What was a major factor contributing to the drop in consumer confidence in December?

• Increase in consumer savings

• Decrease in housing prices

• Concerns over potential Trump policies

• Rising employment rates

Which component of the consumer confidence index saw a significant decline?

• Business investments

• Current employment

• Future expectations

• Present situation

What economic factor are consumers particularly concerned about according to the survey?

• Unemployment

• Deflation

• Interest rates

• Tariffs

How might tariffs impact consumers according to the discussion?

• By lowering inflation rates

• By raising the cost of goods

• By increasing consumer savings

• By reducing product availability

What is one reason consumers might still plan to spend despite economic concerns?

• High unemployment rates

• Decreasing inflation

• Confidence in job availability

• Easy access to credit

What type of vacations are consumers more interested in according to the report?

• Domestic vacations

• International vacations

• Virtual tours

• Staycations

What is a potential risk for inflation mentioned in the discussion?

• Stable insurance premiums

• Increasing unemployment

• Rising housing costs

• Decreasing labor costs