One study measuring consumer confidence under President Biden shows fairly strong ratings; another shows weak ratings. We reconcile this seeming paradox.
By Louis Jacobson • March 7, 2014
Both measures are considered credible, but even some veteran economists told PolitiFact they didn’t realize there were differences between them. The University of Michigan survey"tends to be more sensitive to inflation than the Conference Board's measure, which tends to be more sensitive to labor market conditions," said Joanne W. Hsu, consumer surveys director at the University of Michigan.
"It’s been rare for these two measures to diverge as much they have, for as long as they have," said Douglas Holtz-Eakin, president of the American Action Forum, a center-right think tank.There are two major consumer confidence surveys, and they use different methodologies. One of them — produced by the Conference Board — shows the highest confidence levels in just two years.
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