TEC firms reported that substantial gains in the overall economy have already occurred. They anticipate continued gains during the year ahead.
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
A majority of households now expect an economic downturn and bad financial times by the end of this year.
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High gas prices had a devastating impact on consumers' budgets and caused consumers to expect a worsening financial situation during the year ahead.
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On average, consumers have anticipated changes in the unemployment rate three quarters in advance of the actual change.
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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.
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