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Spotlight: Despite decline, consumers report a modicum of optimism

Despite a decline in overall consumer sentiment in New York State for the second straight quarter, every demographic group polled remains at least somewhat optimistic, according to the Quarterly New York State Index of Consumer Sentiment released Wednesday by the Siena College Research Institute. Over the past year, the confidence of older New Yorkers, those outside the metro New York City area, and those with lower incomes, has increased more than that of the average consumer statewide. Although they remain the most optimistic demographic group, New Yorkers with annual incomes above $100,000 are markedly less confident than they were a year ago, according to the Siena College report.

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