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Consumer Confidence

Coronavirus Outbreak Sends Consumer Expectations Plummeting

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The New York Fed’s Center for Microeconomic Data released results today from its March 2020 Survey of Consumer Expectations (SCE), which provides information on consumers’ economic expectations and behavior. In particular, the survey covers respondents’ views on how income, spending, inflation, credit access, and housing and labor market conditions will evolve over time. The March …

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Americans Cruising Towards Financial Nightmare but Nobody Who Needs This Article Will Read It

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I’ve been involved in helping people with money troubles since 1994. Over the years I’ve seen all sorts of different economic times. I’ve watched boom-bust cycles repeat over and over. And I’ve watched people make the same mistakes over and over. Watching a pattern unfold and being able to read the tea leaves is interesting …

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U.S. Consumers Remain Confident in the Face of Political Uncertainty

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Global Consumer Confidence Remains Stable in Second Quarter NEW YORK, Aug. 2, 2016 /PRNewswire/ — In the midst of a contentious presidential election season, consumer confidence in the U.S. is on the rise, according to the latest Consumer Confidence Index data released today by Nielsen. Despite the uncertainty and starkly contrasting rhetoric around key economic issues,…

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Debt Relief Industry Recovery Postponed Again. Consumer Confidence, Sucks!

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The latest consumer confidence numbers are out. It’s not good news. Apparently consumers are less confident now about the future than they’ve been in a while. The Consumer Confidence index dropped almost seven points from last month. Says Lynn Franco, Director of The Conference Board Consumer Research Center: “Consumer confidence is now back to levels …

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Should We Eliminate Consumer Debt For Everyone and Start the Economy Over

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As crazy as this idea sounds, one thought floating around right now is that of forgiving large tracts of consumer and mortgage debt to swiftly deal with the debt problem in the country today so we can get consumption back on track. As long as consumers are buried in debt, and they are, with little …

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Consumers Loading Up on Credit in May But Watch Out

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Yesterday I published Revolving Debt Increases in May. Is This a Good Sign? and then a reader sent me a tipster (send in your tips here) message and pointed out an article The American Consumer May Now Be Maxed Out. The article draws the conclusion that: “We contend, in our original report on this series, …

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