Consumer confidence reached 53.5 this week, according to the Forbes Advisor-Ipsos Consumer Confidence Weekly Tracker. In January 2009, at the height of the Great Recession, consumer confidence dropped to 37.8. This week’s confidence level is on par with January 2016 (54.3), in the midst of the economy’s strong recovery period. In addition, it appears that additional stimulus payments are back on the discussion table in Congress. Speed of distribution is crucial for actually stimulating the economy, according to new research out of Brown University and Boston University.

Source: Forbes January 08, 2021 17:02 UTC