Overall Florida consumer confidence little changed

GAINESVILLE, Fla. - Florida's overall consumer confidence level is little changed in January from the previous month.

But University of Florida researchers said Tuesday that it's increased by five points for low-income residents while dropping by seven points among wealthier Floridians.

Overall consumer confidence dropped just a point to 75 in January. That's on a scale of 2 to 150 benchmarked to 1966 at a value of 100.

Chris McCarty, who directs the monthly survey, said low-income and wealthy individuals likely are reacting differently to the actions that Congress took to avoid the so-called "fiscal cliff."

While Congress put off major action on spending cuts, it did raise taxes on incomes exceeding $400,000.

Congress also repealed a payroll tax cut, but MCarty said it may take consumers longer to notice that change.

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