Economic optimism plunges, yet consumers still plan to spend big over holidays: CNBC survey

By Steve Liesman, CNBC

American economic optimism took a sharp turn down in the fourth quarter from record high levels, with the CNBC All-America Economic Survey registering its biggest quarterly drop in its 12-year history.

Yet the decline in optimism looks to be doing little to dissuade Americans from shopping for the holiday season. Spending plans surged to their highest level in the history of the survey, propelled by strong income and wage gains over the past year.

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About Radnor Reports

Ken Feltman is past-president of the International Association of Political Consultants and the American League of Lobbyists. He is retired chairman of Radnor Inc., an international political consulting and government relations firm in Washington, D.C. Known as a coalition builder, he has participated in election campaigns and legislative efforts in the United States and several other countries.
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