The last time consumer confidence declined a comparable extent was prior to the recessions in 1990 and 1980.
More Quotes from 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
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
We have fewer consumers who have positive views of housing prices of any time since 1982 and fewer consumers who have positive views of interest rates of any time since the last recession.
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
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
The sharp and sudden swing in consumer expectations was due to mounting fears among consumers that weak job growth and global job outsourcing may pose a threat to their future living standards,
Richard Curtin
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