Consumer Reports Index shows few signs of optimism
Wednesday, April 11, 2012
The most recent Consumer Reports Index reveals that average Americans are not showing signs they believe the economy is improving.
A gauge of overall consumer financial health, the Consumer Reports Index revealed a drop in sentiment levels and an increase in financial troubles in addition to a surge in stress levels for U.S. consumers.
"Our results show how consumers feel about their current situation and immediate future," said Ed Farrell, director of market research at the Consumer Reports National Research Center.
"A majority have yet to feel or see any improvement in their own financial situation. Unless the employment market improves and many of these factors change, it could be some time before we see a true return to optimism."
Many Americans continue to struggle with debt, which can hamper their financial confidence and outlook. Global Information recently announced two new updates to market forecasts for the debit processing and debt collection markets. The updates reflect the impact of the recent economic recession.
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