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.
More Quotes from 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
Anxiety about the war and terrorism is still a factor. There is greater anxiety about energy prices and the possibility of having a colder-than-normal winter.
Richard Curtin
On average, consumers have anticipated changes in the unemployment rate three quarters in advance of the actual change.
Richard Curtin
Consumer spending will weaken in the months ahead.
Richard Curtin
Consumers anticipated that higher interest rates will ultimately slow the overall pace of economic growth.
Richard Curtin
The growth slowdown anticipated by consumers is very mild, but just enough to result in smaller job gains and a somewhat higher unemployment rate during 2006.
Richard Curtin
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