Consumers see earnings, income and spending growing quicker in the next 12 months, according to the Survey of Consumer Expectations, released by the Federal Reserve Bank of New York on Monday.
Consumers also saw a better opportunity for finding a job in the next three months if they lost their job today.
Also, consumers see slight lower inflation rates (3% for both one-year and three-years), steady views of changes in home price and commodity prices.
Earnings growth expectations grew to 2.4% from 1.8% in December, with 25% of respondents expecting earnings to grow 4.4% or more in the next 12 months.
The SCE is a nationally representative, internet-based survey of a rotating panel of approximately 1,200 household heads. Respondents participate in the panel for up to twelve months, with a roughly equal number rotating in and out of the panel each month.
