Benchmark
Americans Say They're Just Fine With a Mediocre Economy
Americans are placing bigger bets that incomes will outpace inflation
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For the past six years, Americans have been hearing that this economic expansion is lackluster. They're now OK with it, and moving on.
That's how Richard Curtin, director of the University of Michigan Survey of Consumers, characterized the disconnect between weaker economic growth and improving household confidence. A report Friday showed the group's consumer sentiment gauge rose to 96.1 in June, the second-highest reading in eight years.