Posts tagged ‘consumer sentiment’

Yes, Your Paycheck Was Smaller Last Week…



After the fiscal-cliff deal, the payroll tax rate – income withheld from our paychecks for social security – went up from 4.2% to 6.2%.  For the last two years, American employees were paying a little bit less in social security withholding and the jig was up last week. This rate increase is…

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Consumer Sentiment Posts Another Gain



Last week, I posted about the apparent disconnect between consumer confidence and businesses’ attitudes towards this economic recovery. Well, here we go again; the Reuters/University of Michigan Consumer Sentiment Survey results reported for October, and the U.S. consumer just seems to be getting…

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