A set of recent economic reports seems to present conflicting assessments of consumer perceptions about the economic climate. However, taken together, perhaps they simply underscore the financial uncertainty and confusion that is so understandable at the moment of political brinksmanship. Source for this article:
1500 or more personal loan with monthly payments
Looking at doubt
A consumer confidence index of 69.6 was seen in Feb., which is a big spike from the 58.64 seen in Jan. According to The Conference Board, the consumer confidence increase was much higher than expected.
Lynn Franco believes as the Conference Board Consumer Research Center director that people do not seem to mind the drop in paycheck amount anymore. At first, it was a big shock, but now people do not seem to care.
But American consumers are hardly out of the water as the nation faces $85 billion in possible sledgehammer-like spending cuts on the first of March unless Congress and the White House get their act together and fix the problem. Are Americans too short-sighted to not consider the uncertainty right around the corner?
Sequester impact on financial doubt
Apparently they are not altogether. A separate report from Pew Research, released the same day, found that 62 percent of Americans -- Democrats, Republicans and Independents alike -- believe that the problem "will have a significant impact on the nation’s economic climate and by overwhelming margins all agree that the effect will be negative, not good."
According to the report, only 25 percent of respondents are actually following the issue to see what takes place.
Differences from consumers
It does not make sense that consumer confidence would be much better when people believe the economy will be adversely impacted soon.
These are insane times. The polls may be unreliable and people unaware, but really it just shows how insane everything really is right now.
The economy will change drastically as issues are not resolved, but it takes forever as things keep being hidden until the deadline comes up. It could cause all kinds of troubles.
It is an insane way to run a country. If a business handled its finances in a similar manner, it would most likely be under investigation by the CFPB.
Sources
Daily Finance
ABC
Pew Research
1500 or more personal loan with monthly payments
Looking at doubt
A consumer confidence index of 69.6 was seen in Feb., which is a big spike from the 58.64 seen in Jan. According to The Conference Board, the consumer confidence increase was much higher than expected.
Lynn Franco believes as the Conference Board Consumer Research Center director that people do not seem to mind the drop in paycheck amount anymore. At first, it was a big shock, but now people do not seem to care.
But American consumers are hardly out of the water as the nation faces $85 billion in possible sledgehammer-like spending cuts on the first of March unless Congress and the White House get their act together and fix the problem. Are Americans too short-sighted to not consider the uncertainty right around the corner?
Sequester impact on financial doubt
Apparently they are not altogether. A separate report from Pew Research, released the same day, found that 62 percent of Americans -- Democrats, Republicans and Independents alike -- believe that the problem "will have a significant impact on the nation’s economic climate and by overwhelming margins all agree that the effect will be negative, not good."
According to the report, only 25 percent of respondents are actually following the issue to see what takes place.
Differences from consumers
It does not make sense that consumer confidence would be much better when people believe the economy will be adversely impacted soon.
These are insane times. The polls may be unreliable and people unaware, but really it just shows how insane everything really is right now.
The economy will change drastically as issues are not resolved, but it takes forever as things keep being hidden until the deadline comes up. It could cause all kinds of troubles.
It is an insane way to run a country. If a business handled its finances in a similar manner, it would most likely be under investigation by the CFPB.
Sources
Daily Finance
ABC
Pew Research