As Americans head to the malls this holiday shopping season, they are less optimistic on the economy than they were a year ago, and that could depress their spending plans.
The CNBC All-America Economic Survey finds that just 22 percent of the public sees the economy improving, a 5-point drop from more buoyant levels a year ago. Key economic indicators gauged in the survey, including views on whether home prices and wages will rise next year, weakened at the start of the Christmas season.
Just 35 percent of those surveyed think their wages will increase in the coming year, down 5 points from a year ago. And 36 percent see their home price rising in the next 12 months, down from 40 percent a year ago.