Consumer spendingNEW YORK, Sept 28 (Reuters) - U.S. consumer sentiment rose to its highest level in four months in September as Americans saw better prospects for the job market and economy, a survey released on Friday showed.

The Thomson Reuters/University of Michigan's final reading on consumer sentiment rose to 78.3 from 74.3 in August, the highest level since May.

Still, it was shy of economists' forecasts for 79, according to a Reuters poll, and gave up some of the advance seen in September's preliminary reading when the index climbed to 79.2.

Consumer expectations improved strongly, rising to 73.5 from 65.1, also the highest since May. More consumers expected the unemployment rate to fall than to rise, while twice as many survey respondents expected economic growth than those that anticipated a downturn.

Gains in home values and stock prices have also helped boost confidence and sentiment among households with incomes below $75,000 was at its highest level in five years.

But Americans' assessment of current economic conditions weakened to 85.7 from 88.7 amid concerns over their own finances. Twenty-nine percent said their financial situation had improved this month, down from 30 percent in August. In the year ahead, one-in-four households expected their finances to improve.

Consumers' inflation expectations for a year from now fell to 3.3 percent from 3.6 percent, while the five-to-10-year inflation outlook eased to 2.8 percent from 3 percent.

(Reporting by Leah Schnurr; Editing by Chizu Nomiyama)

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papadb24

Retail and Fast Food is not what will turn this stagnant economy Around/
More Huffy Post Cheer Leading before the Election!

October 02 2012 at 9:17 AM Report abuse rate up rate down Reply
papadb24

Retail and Fast Food is not what will turn this stagnant economy Around/
More Huffy Post Cheer Leading before the Election!

October 02 2012 at 9:17 AM Report abuse rate up rate down Reply
Richard

The way I see it, everyone is running out of money and looking to the Fed for help. First came the corporations and banks looking for hundreds of billions in backing during the crisis. Now States are looking to the Fed to guarantee pensions as well, like Illinois whose underfunded by many billions. The funny thing is that the Fed being 14 trillion dollars in debt already, with social security and medicare in jeopardy, can ill afford pay back any more bad debt. I guess the treasury will just keep printing trillions of dollars out of thin air, and the money we have earned over a lifetime will continue to lose value at a maddening pace.

October 01 2012 at 4:33 AM Report abuse +1 rate up rate down Reply
Richard

The way I see it, everyone is running out of money and looking to the Fed for help. First came the corporations and banks looking for hundreds of billions in backing during the crisis. Now States are looking to the Fed to guarantee pensions as well, like Illinois whose underfunded by many billions. The funny thing is that the Fed being 14 trillion dollars in debt already, with social security and medicare in jeopardy, can ill afford pay back any more bad debt. I guess the treasury will just keep printing trillions of dollars out of thin air, and the money we have earned over a lifetime will continue to lose value at a maddening pace.

October 01 2012 at 4:06 AM Report abuse +1 rate up rate down Reply
Richard

The way I see it, everyone is running out of money and looking to the Fed for help. First came the corporations and banks looking for hundreds of billions in backing during the crisis. Now States are looking to the Fed to guarantee pensions as well, like Illinois whose underfunded by many billions. The funny thing is that the Fed being 14 trillion dollars in debt already, with social security and medicare in jeopardy, can ill afford pay back any more bad debt. I guess the treasury will just keep printing trillions of dollars out of thin air, and the money we have earned over a lifetime will continue to lose value at a maddening pace.

October 01 2012 at 4:06 AM Report abuse +1 rate up rate down Reply
s.kohanski

HorseHuffy

September 30 2012 at 1:41 PM Report abuse -2 rate up rate down Reply
papadb24

More Huffy post Cheer leading!

September 30 2012 at 12:30 PM Report abuse -2 rate up rate down Reply
papadb24

More Huffy post Cheer leading!

September 30 2012 at 12:30 PM Report abuse -2 rate up rate down Reply
kafienkarl

WASHINGTON, Sept 28 (Reuters) - Ann Romney told a Nevada television station her biggest concern if her husband, Republican presidential candidate Mitt Romney, becomes president was his "mental well-being."

In an interview Thursday with television station KTVN, Mrs. Romney was asked what her biggest worry was should Mitt Romney be elected to serve in the White House.

"I think my biggest concern obviously would just be for his mental well-being," she said. "I have all the confidence in the world in his ability, in his decisiveness, in his leadership skills, in his understanding of the economy. ... So for me I think it would just be the emotional part of it."

September 29 2012 at 12:20 PM Report abuse +4 rate up rate down Reply
kafienkarl

WASHINGTON, Sept 28 (Reuters) - Ann Romney told a Nevada television station her biggest concern if her husband, Republican presidential candidate Mitt Romney, becomes president was his "mental well-being."

In an interview Thursday with television station KTVN, Mrs. Romney was asked what her biggest worry was should Mitt Romney be elected to serve in the White House.

"I think my biggest concern obviously would just be for his mental well-being," she said. "I have all the confidence in the world in his ability, in his decisiveness, in his leadership skills, in his understanding of the economy. ... So for me I think it would just be the emotional part of it."

September 29 2012 at 12:20 PM Report abuse +2 rate up rate down Reply