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• W2910492023 endingPage "237802311881527" @default.
• W2910492023 startingPage "237802311881527" @default.
• W2910492023 abstract "Consumers’ expectations about the future of their own finances and the macroeconomy are used to forecast consumption, but forecasts do not typically account for differences by race and ethnicity. In this report, the author asks (1) whether there is consistent racial and ethnic variation in consumers’ economic expectations, (2) if differences can be explained by economic experiences, and (3) how the scope of expectations matters. The author uses the Survey of Consumer Finances to examine variation in the likelihood of positive national and personal economic expectations among individuals who identify as black, white, or Hispanic. The author finds that national expectations have substantial racial and ethnic variation net of economic experiences. For personal expectations, initial racial and ethnic variation in the likelihood of positive expectations disappears once economic experiences are accounted for. These findings have important implications for consumption forecasts, especially as the racial and ethnic composition of the United States changes." @default.
• W2910492023 created "2019-01-25" @default.
• W2910492023 creator A5048455533 @default.
• W2910492023 date "2019-01-01" @default.
• W2910492023 modified "2023-09-23" @default.
• W2910492023 title "Racial and Ethnic Differences in Consumers’ Economic Expectations" @default.
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• W2910492023 doi "https://doi.org/10.1177/2378023118815270" @default.
• W2910492023 hasPublicationYear "2019" @default.
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