Three Must-See Charts on U.S. Consumer Sentiment

The video discusses how consumers have used gas price savings to reduce debt, as shown by the Michigan survey. It highlights the impact of low interest rates on consumer spending, particularly in purchasing vehicles and durable goods. The video also examines consumer inflation expectations, noting a shift towards lower long-term inflation predictions, which is favorable for the Fed and consumer spending.

What did the Michigan survey reveal about consumer debt levels?

• Debt levels have remained unchanged.

• Consumers are unaware of their debt levels.

• Consumers are using savings to pay down debt.

• Consumers are taking on more debt.

How have gas price savings influenced consumer financial situations according to the survey?

• They have been saved for future use.

• They have been used to pay down debt.

• They have led to increased spending.

• They have had no significant impact.

Why have consumers recently started to take advantage of low interest rates?

• Interest rates have just been lowered.

• Consumers have repaired their personal balance sheets.

• The Fed has introduced new policies.

• There is a sudden increase in consumer confidence.

What is the recent trend in consumer expectations about long-term inflation?

• Expectations have increased slightly.

• Expectations have become unpredictable.

• Expectations have decreased significantly.

• Expectations have remained stable.

What factors are considered in surveys about inflation expectations?

• Only health care costs.

• Only wage growth.

• Only gas prices.

• Gas prices, health care, and tuition costs.