Voters and Consumers Guidance on the 2015 U.S. Economy

We published an economic forecast for 2015 for the United States economy in November of 2014. You can access that forecast by clicking here.  The U.S. Federal Reserve and the International Monetary Fund are projecting that our economy will grow by 3% or better this year.  However, when you take a look at what the American Public are saying and what the Voting Public said the last election, you get a different projection.

In the graph below, you see that of those who voted on November 4, 2014, 78% are worried about the direction of the 2015 economy.  They predict that the economy will be the same as 2014 or perform worse.  This flies in the face of the official projections that have been provided us.

When you look at the Consumer Confidence graph below, you also see that the American Public was very bullish on the economy for the month of December 2014, with the PS (Present Situation) index taking off.  However, when you look at the FS (Future Situation or Expectation Index), you see it further declining.  The Expectation Index reflects how the public feels the economy will do over the next six months or more.