Home Members Tools Credit Cards
   

  • Consumer Confidence Surges in November but Remains Historically Low

    Amid better jobs reports and pre-holiday spending, consumers have a more positive outlook on the economy for the first time since summer.

    Consumers’ overall feelings about the economy surged in November, according to a report released by the Conference Board on Tuesday. Consumer confidence - which measures - rose in November to 56 from 40.9 in October. The Present Situation index rose to 38.3 from 27.1, and the Expectations index rose to 67.8 from 50.

    Says Lynn Franco, Director of The Conference Board Consumer Research Center: "Confidence has bounced back to levels last seen during the summer (July 2011, 59.2). Consumers' assessment of current conditions finally improved, after six months of steady declines.”

    But while the consumer outlook has improved from sad levels, it is far from what would be viewed as “good” - it is more appropriately described as “not as bad.”

    “Consumers' apprehension regarding the short-term outlook for business conditions, jobs and income prospects eased considerably,” Franco said. “Consumers appear to be entering the holiday season in better spirits, though overall readings remain historically weak."

    For example, the percentage of consumers who thought business conditions were “good” increased 2% in November - but it is still only 13.3% of all who were surveyed. The percentage who stated they thought business conditions were “bad” declined 5.5% to 38.2% in November, but that is a very large portion who don’t have a positive outlook.

    Only 5.8% of consumers surveyed thought that “jobs were plentiful” in November, but that was a 2.2% increase from consumers who felt that in October. Those who said jobs are “hard to get” declined in November to 42.1% from 46.9%.

    So though November brought higher expectations for consumers, we still have a lot of recovering to do before the majority have a positive outlook on the U.S. economy.
  • Disclaimer

    Information in these articles is brought to you by Finance Globe. Banks, issuers, credit card, and other companies mentioned in the articles do not endorse or guarantee, and are not responsible for, the contents of the articles and is further subject to our terms and conditions.
  • Recent Headlines and Articles

    ChrisB

    How to Spend Less Time on your Budget

    Most people understand how important it is to have a budget, regardless of how much money they earn. That being said, many people shy away from this because they don’t want to spend the time required to keep... read more
    ChrisB September 22nd, 2014, 09:29 AM
    ChrisB

    Self Employment: What you aren’t Thinking About

    Is the thought of self employment running through your mind? Are you ready to leave the corporate world in the past and branch out on your own? If you find yourself leaning in this direction, it is imperative that you... read more
    ChrisB September 18th, 2014, 08:14 AM
    ChrisB

    Easy Ways to Save on Tech Devices

    Are you in the market for a smartphone or smartwatch? How about a tablet? Regardless of the tech device you are shopping for, you know one thing to be true: you are not always going to find something that... read more
    ChrisB September 17th, 2014, 09:23 AM
    ChrisB

    3 End of Year Tax Tips

    With the end of 2014 closing in like a freight train, there is no better time than now to start planning for next year.

    While your final tax returns may not be due until April 2015, the sooner you get organized... read more
    ChrisB September 15th, 2014, 09:48 AM
    ChrisB

    Home Equity Loan Benefits

    With a home equity loan, you are able to borrow against the value of your property to obtain cash. Here are some of the most common reasons for taking out this type of loan:


    • Remodel or home renovation
    ... read more
    ChrisB September 11th, 2014, 09:14 AM
    ChrisB

    3 Simple Steps to Boost your Savings Account

    When you look at your savings account what do you see? While some people are excited at the number that stares back at them, many are wishing they had more money.

    Rather than hope for a miracle, there are... read more
    ChrisB September 10th, 2014, 09:14 AM
    ChrisB

    Stop Ignoring Other Car Insurance Companies

    You know the drill: you head to your mailbox and find another letter from another car insurance agent. They want you to contact them at your earliest convenience for a free, no obligation quote.... read more
    ChrisB September 9th, 2014, 09:34 AM
  • Recent Article Comments

    Wanderer

    Self Employment: What you aren’t Thinking About

    As a follow on this, being able to remain motivated and not side track since no one is looking over... Go to last post

    Wanderer September 19th, 2014 08:39 AM

 

 

 

Credit Cards | Finance Social Network | Credit Card Reviews | Markets
About Us | FG on the Web | Sitemap | Privacy | Terms | Contact


Copyright © 2014 Finance Globe. All rights reserved.