But, consumers in the U.S. might spend far less on goods manufactured in China. More than half of those Americans surveyed said they are less likely to buy Chinese manufactured products.
And, when asked if they’re willing to spend more for products made in the USA, 66% said yes, 20% said no and 14% were unsure.
Of course, the mindset of “spend now” has its disadvantages.
The CNBC Wealth in America survey reports that two-thirds of Americans say they aren’t saving enough for retirement and, as a cautionary tale, more than half of those already retired say they didn’t save enough for retirement.
The only groups who think they’re saving enough: those with more than $50,000 in stocks or greater than $100,000 in income. A mere 6% of Americans with incomes below $30,000 think they have put enough away.
As the Dow closed Friday above 14,000, it is noteworthy that more than half of Americans surveyed believe a recurrence of the 1987 stock market crash, the anniversary of which is this Friday, is unlikely and about half of Americans believe now is a good time to buy stocks.