Posted on 09/19/2022 8:36:05 PM PDT by SeekAndFind
New Yorkers are feeling more optimistic about the economy, according to a new Siena College poll released Wednesday, Sept. 14.
The New York State Index of Consumer Sentiment was up 9.1 points to 70.8 in the third quarter of 2022, the poll found. That’s 12.6 points above the nation’s Index of 58.2.
The current index rose nearly 12 points from the previous quarter to 64.1 and the future index increased nearly eight points from 67.6 to 75.2, researchers found.
Future confidence in the state is 17.2 points higher than the nation’s 58.0.
“New Yorkers’ collective sentiment continues to outpace the national rate driven by far greater optimism in the New York City area especially when looking to the future,'' said Don Levy, director of the Siena College Research Institute.
“Still, our tale of two states persists. The Gotham-area index is 19 points above upstate, younger residents outpace older New Yorkers by over 22 points and Democrats and Republicans live in different economic sentiment realms with D’s over R’s by over 37 points.”
Levy noted that with inflation slowing, more New Yorkers are planning to buy major consumer goods.
Buying plans were up for homes to 14 percent (from 8.5), major home improvements to 29 percent (from 24.5), furniture to 29.4 percent (from 25.4), consumer electronics to 47 percent (from 43.1), and cars/trucks to 21.7 percent (from 18.5).
However, Levy said gas and food costs continue to burden many families, with 69 percent of all New Yorkers saying that current gas prices are having a "very serious or somewhat serious impact" on their financial condition.
Seventy-eight percent of respondents (down from 80 percent) said the cost of groceries is having either a "very serious or somewhat serious impact" on their finances, pollsters found.
“Particularly striking – 82 percent of Republicans, up from 73 percent, say that BOTH gas and food are seriously impacting their household finances,” Levy said.
O Zhit...
...just like Buy-dung’s britches.
Dear Admin
Sorry about the Typo. Would appreciate your correcting the word: Pptimistic in the title to ‘Optimistic.’
I apologize.
New Yorkers are ecstatic the mask mandate is removed.
Our HQ is in update NY - no one I know is optimistic about economy. We are all bracing for a major downturn in 2023.
Explain to me again the meaning of Pptimistic.
Does this have anything to do with sheep’s bladders and earthquakes?
Partisan Media Shill and Stooge alert.
Empire State ping.
They polled all the illegals that got shipped there.
🤣
RE: Explain to me again the meaning of Pptimistic.
Please re-read Post #3. I asked the Moderator to correct my typo. Unfortunately, FR does not provide the facility for posters to correct their typos.
ahhmmmm cough cough...bullshhhh
I know.
I’ve made ‘em....many times. And will again.
And the opening post is especially unforgiving.
Sherri Papini’s husband was once Ppimistic.
The media has been gushing over how well the economy has been doing ever since it went into recession with two consecutive quarters of contraction / negative growth.
This one may not become as legendary as “Hugh” and “Series” ...
RE: I know. I’ve made ‘em....many times. And will again.
Ohhhh OK. I’m taking things way too seriously. :)
They had to have polled downstate where all the money in the state is.
Yea verily.
Have a shot or two!
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