A majority of households now expect an economic downturn and bad financial times by the end of this year.
More Quotes from Richard Curtin:
Consumers have found it especially difficult to cope during the winter months with both higher home heating bills as well as higher gasoline costs.Richard Curtin
The survey results mirror those at the University of Michigan, which has seen the steepest fall in confidence ever. I think their concern will be heightened by the president's affirmation, ... They will pull back in general on all types of spending.
Richard Curtin
Although higher income and employment levels have offset the impact of rising gas prices on consumer confidence, there is a considerable degree of dread about future prospects among middle- and lower-income households.
Richard Curtin
The loss in people's sense of personal security was linked to the decline in consumer confidence. Unlike other assessments of economic risks, these fears represent a significant threat to the usual functioning of the economy.
Richard Curtin
Consumers judged their current finances much more favorably due to declines in gas prices, and were more likely to anticipate additional financial gains during the year ahead.
Richard Curtin
One of the big stories today is that people are so happy with 2 gas. There is nothing better than a relative price decrease.
Richard Curtin
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