Consumer confidence fell in January after two straight months of gains as Americans become more worried about their incomes, rising gas prices, how hard it is to find a job, and overall business conditions. Things haven’t gotten much better in 2012.
Americans have reasons to be cautious in their optimism as the jobless rate is still high at 8.5% although it is at the lowest level in nearly three years. Consumers are worried about a weak housing market, inflation and that incomes are not keeping pace with inflation, causing shoppers cut back on big purchases.
Associated Press, The Boston Globe, February 1, 2012
Consumer confidence fell in January after two straight months of gains as Americans become more worried about their incomes, rising gas prices, how hard it is to find a job, and overall business conditions. Things haven’t gotten much better in 2012.
Americans have reasons to be cautious in their optimism as the jobless rate is still high at 8.5% although it is at the lowest level in nearly three years. Consumers are worried about a weak housing market, inflation and that incomes are not keeping pace with inflation, causing shoppers cut back on big purchases.
Associated Press, The Boston Globe, February 1, 2012
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