If the stock market is any kind of a barometer, stuff is going well. On the other hand, if that's not one's bag, stuff ain't so well. The second scenario is the predominant state of things at this time IMHO and discretionary spending suffers.
My wisdom /insight on this subjet is by virtue of a BA from UW ( Go Pokes!) and a PHD from U of HARD Knocks ( which I am still attending seeking and avoiding even HARDER knocks)

Mark