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.
More Quotes from 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
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
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
A majority of households now expect an economic downturn and bad financial times by the end of this year.
Richard Curtin
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.
Richard Curtin
Readers Who Like This Quotation Also Like:
We often pardon those that annoy us, but we cannot pardon those we annoy.Francois de La Rochefoucauld
People who fly into a rage always make a bad landing.
Will Rogers
Now, I am completely independent - I earn my living by speaking and writing.
Karen Hughes