Thursday, February 25, 2010

Consumer Confidence Decline

As of right now, the need to spend has increased so much for necessary items that I haven't given a single thought to buy something simply for pleasure. A recent article in Business Week discussed how consumer confidence is dropping, a contradiction against all the predictions of the recovering economy. I can sympathize with this and so can many of my classmates.

When money is so hard to get right now, either by their own job or through  parents then of course confidence levels will go down. Right now the only expenses that I will be taking on are my standarized test registration costs and my daily routine costs like lunch.

While retailers are feeling more optimistic, the malls of Nashua can still be seen as fairly empty on a Friday night. It is apparent that while some say consumer spending has gone up greatly others can definitely disagree. 

Until my necessary costs go down there is no chance of me being a confident consumer. The nation is feeling a decline in consumer confidence and so am I.

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  4. "After a modest increase in April, consumer confidence fell somewhat in May," said Lynn Franco, Senior Director of Economic Indicators at The Conference Board. "The decrease in the Present Situation Index was driven mainly by a perceived deterioration in labor market conditions." In contrast, perceptions of present business conditions improved, which tend to move ahead of job trends. Overall, the Present Situation Index is still high, indicating that growth did not slow more in Q2. However, with the Expectations Index continuing to fall, consumers do not expect the economy to improve in the coming months. In the immediate term, they expect labor market conditions to remain quite good, which should underpin confidence. Here's some tips in Hill Climb Racing 2 is straight to the point: compete and win as you climb endless hills.

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