ARTICLE
According to the latest poll by the Siena College Research Institute (SCRI), the New York State Index of Consumer Sentiment now stands at 74.1 up 3.6 points from the last measurement in the third quarter of 2023. New York’s overall Index of Consumer Sentiment is 4.4 points above the national index of 69.7, despite a 1.6-point national increase. New York’s current index increased 4.9 points to 71.6 and the future index increased nearly three points resulting in New York’s measure of future expectations moving from 73.0 last quarter to 75.7. Overall confidence remains higher in New York than across the nation. Future confidence in New York is now nearly a point above the breakeven point of balanced optimism and pessimism and 8.3 points higher than national future confidence. Other results from state residents include: 55% say that current gasoline prices are having a very serious or somewhat serious impact on their financial condition. 75% percent indicate that the amount of money they spend on groceries is having either a very serious or somewhat serious impact on their finances. 7 in 10 (70%) say that housing costs are having a very serious or somewhat serious impact on their financial condition. 16% are somewhat or very seriously impacted by all six monthly expenses: food, gasoline, housing, utilities, home entertainment, and cell phones. 43% have a retirement account (like a 401K) that they make contributions to above and beyond any contributions made by their employer. Of those, 82% contributed to their retirement account this year. Close to a third, 29%, withdrew from their account this year. Click here to read more details from the poll report.
According to the latest poll by the Siena College Research Institute (SCRI), the New York State Index of Consumer Sentiment now stands at 74.1 up 3.6 points from the last measurement in the third quarter of 2023. New York’s overall Index of Consumer Sentiment is 4.4 points above the national index of 69.7, despite a 1.6-point national increase. New York’s current index increased 4.9 points to 71.6 and the future index increased nearly three points resulting in New York’s measure of future expectations moving from 73.0 last quarter to 75.7. Overall confidence remains higher in New York than across the nation. Future confidence in New York is now nearly a point above the breakeven point of balanced optimism and pessimism and 8.3 points higher than national future confidence. Other results from state residents include:
Click here to read more details from the poll report.