Americans say the economy is bad but keep spending. Dont mistake the midterm polls for a forecast
News Source : Fortune
News Summary
- Kari Butcher: Business leaders are making consequential decisions based on a category error.
- Polls measure what people say at a particular moment, but they cannot tell a leader how that sentiment will translate into purchases, loyalty, employee behavior or investor reaction.
- Get that distinction wrong, and a company can pull back while demand remains strong, she says.
- Butcher: Polls show who’s ahead may help a business anticipate the political environment.
- It cannot tell them how consumers, employees or investors will respond to it.
Consumer confidence is at its lowest level since 2014, yet spending rose in August.
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