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

    Don’t Fall Prey to these Holiday Shopping Scams

    With the holiday shopping season upon us, it is likely that you have your list in hand, money in your pocket, and a plan for finding everything you want and need.... read more
    ChrisB November 21st, 2014, 10:34 AM
    ChrisB

    3 Black Friday Shopping Tips to Follow

    In a few short days, Black Friday will be upon us. While many people will shy away from stores, others will dive in headfirst in search of the best deals.

    If you plan on braving the large crowds, here are... read more
    ChrisB November 20th, 2014, 09:18 AM
    ChrisB

    How to Save Money on Office Communication

    As a small business owner, even a one-man show, you know there are many expenses that come up over the course of a month. While there is nothing wrong with “spending money to make money,” you... read more
    ChrisB November 19th, 2014, 09:38 AM
    ChrisB

    Overlooked Ways to Save on the Cost of a New Car

    Many people believe there is only one way to save on the cost of a new car: compare dealers until you find the cheapest deal.

    While this is a great place to start, there are other... read more
    ChrisB November 17th, 2014, 10:24 AM
    ChrisB

    What is Stopping you from Saving More Money?

    Regardless of your financial situation, if you are like most people you share one common goal: to save as much money as possible.

    While some are able to do so with success, feeling comfortable with their progress, others... read more
    ChrisB November 13th, 2014, 09:50 AM
    ChrisB

    3 Questions to Ask a Financial Aid Officer

    As you compare many colleges and universities, hoping to find the right one, there will be questions on your mind. Like most, you may be focused largely on the cost of the school.

    Fortunately,... read more
    ChrisB November 12th, 2014, 10:26 AM
    ChrisB

    The 3 Best Ways to Pay Off Student Loans Faster

    Most college students in today’s day and age turn to loans to finance their education. This may not be something they want to do, but instead something they have to do.

    While there... read more
    ChrisB November 11th, 2014, 10:19 AM
    ChrisB

    The 3 Best Ways to Save While Eating Out

    Everybody enjoys eating out from time to time. However, most of these people realize that it comes at a cost.

    With the right approach, you can eat out without breaking the bank. Here... read more
    ChrisB November 10th, 2014, 10:25 AM
  • Recent Article Comments

    Wanderer

    Don’t Fall Prey to these Holiday Shopping Scams

    Very appropriate warning. Thanks for giving us a "heads up"! Go to last post

    Wanderer November 22nd, 2014 04:38 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.