Tuesday, April 7, 2015

COULD THINGS BE LOOKING UP FOR ORANGE COUNTY ECONOMY?

It would seem that there are some good reasons for cautious optimism in the OC.  A survey was published by the California Economic Forecast, a Santa Barbara based consulting firm.  It published in conjunction with the UCLA Anderson School of Management.  It stated that driving the local economy will be tourism, apartment construction and housing, and that we can expect a resurgence in wages and salary growth.  Orange County, according to the report, is leading Southern California.  Salaries are expected to rise 2.8% for 2015 and 4.1% in 2016, the most healthy advances in over a decade.  Those Millennials will also be key, as they avoid frivolity and buy the items that creates jobs; houses, cars, appliances, technology, and travel.   Life enhancement purchases are what they are all about...not "stuff."

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