Consumer confidence and business confidence diverged in Nebraska during the latest monthly survey.
UNL Bureau of Business Research Director Eric Thompson tells KLIN News that while business confidence rose in August…consumer confidence fell in their latest survey.
Thompson says that many households are concerned about health care costs as well as the general cost of living including rent, utilities, insurance, education and food. Thompson says that businesses are also concerned about rising costs, but are especially worried about the availability of labor.
Thompson says that part of the reason why there is a stronger more confident business sector than household sector is because household incomes have not grown quickly in the last years and decades whereas business expansion has been more solid.