Consumer confidence has now been up for three consecutive months and that is looking good, despite the lack of job growth, it seems that consumers are starting to realize the recession is nowhere near over and are choosing to start leaving their lives normally again. This is a big surprise.
As many believe this is a simple fluke and will start dipping again, I like to believe it is real and will continue to grow. Most economists will tell you that job growth is directly related to consumer spending and historically this has been found to be true BUT job growth alone is not the only factor that pushes the consumer spending index up. The people’s confidence in their own situations does too, and I think people have just about had it with all the down talk on the news and the negative effects that talk shows and gloomy economists seem to keep playing on. Its not doomsday, its just another recession, not the worst we had and not the smallest but it will go away and the less afraid we are of it, the quicker it will go away.
The only difference is that now you need to spend within your means and thats how it should have been to begin with.
Dont you agree? Leave us a comment
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