Consumers have become increasingly pessimistic about their future income and job prospects, and as a result will continue to slow the pace of their spending during months ahead.
More Quotes from 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
Consumers view high gas prices as a threat to their living standards and a threat to the ability of the economy to create new jobs.
Richard Curtin
If the economy produces jobs at a more rapid rate in the months ahead, these apprehensions of consumers could quickly fade.
Richard Curtin
The last time consumer confidence declined a comparable extent was prior to the recessions in 1990 and 1980.
Richard Curtin
High gas prices had a devastating impact on consumers' budgets and caused consumers to expect a worsening financial situation during the year ahead.
Richard Curtin
A majority of households now expect an economic downturn and bad financial times by the end of this year.
Richard Curtin
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