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,
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
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
On average, consumers have anticipated changes in the unemployment rate three quarters in advance of the actual change.
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
Consumer spending will weaken in the months ahead.
Richard Curtin
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