Richard Curtin Quotes (21 Quotes)

Consumers anticipated that higher interest rates will ultimately slow the overall pace of economic growth.

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.

A majority of households now expect an economic downturn and bad financial times by the end of this year.

TEC firms reported that substantial gains in the overall economy have already occurred. They anticipate continued gains during the year ahead.

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.

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.

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.

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.

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,

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.

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.

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.

Consumers have found it especially difficult to cope during the winter months with both higher home heating bills as well as higher gasoline costs.

The survey results mirror those at the University of Michigan, which has seen the steepest fall in confidence ever. I think their concern will be heightened by the president's affirmation, ... They will pull back in general on all types of spending.

High gas prices had a devastating impact on consumers' budgets and caused consumers to expect a worsening financial situation during the year ahead.

If the economy produces jobs at a more rapid rate in the months ahead, these apprehensions of consumers could quickly fade.

The last time consumer confidence declined a comparable extent was prior to the recessions in 1990 and 1980.

On average, consumers have anticipated changes in the unemployment rate three quarters in advance of the actual change.

One of the big stories today is that people are so happy with 2 gas. There is nothing better than a relative price decrease.

Although firms did expect a slightly slower pace of growth, they still judge overall economic conditions quite favorable.

Consumer spending will weaken in the months ahead.