Posts Tagged ‘ downturn ’
The economy is up – the economy is down, which one is it? Indicators on consumers’ expectations and spending confirm our economic uncertainty as we head into 2011. Consumer spending, which accounts for roughly 70% of what our economy produces, looked strong for the fourth quarter of 2010. A CNN/Money poll of 27 leading economists [...][ READ MORE ]
Over the past three years, credit card owners have been increasingly likely to pay their credit card balance in full each month. On average in 2010, 42% of credit card-holders typically pay their monthly balance in full, up from an average of 37% of card-owners who paid their full balance in 2008.[ READ MORE ]
As of October 18, 2010, 6.5% of U.S. adults have changed jobs for something better in the previous year. That's a relative decline of 34% compared to January 14, 2008, when 9.9% of Americans said they had changed jobs for the better.[ READ MORE ]
Discount stores appear to be weathering the recession better than some of their full-price counterparts, as they carry first-quality designer merchandise at competitive prices.[ READ MORE ]
Over the past two and a half years, there has been an 11% decrease in the percent of U.S. consumers who think that it is worth paying extra for quality goods and a nine percent decrease in the percent of consumers who say they enjoy owning quality things.[ READ MORE ]
Interestingly, employed Americans now seem to be more jittery about the future of the U.S. economy than the unemployed. Simmons DataStream reveals that on July 19, 2010, only 18.5% of employed Americans were optimistic about the future of the U.S. economy compared with 37.7% of employed adults who were optimistic on August 3, 2009, a relative decline in optimism of 51% in just a year.[ READ MORE ]
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