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New York City-based research group The Conference Board has released a new survey showing how low consumer confidence is for the next 6 months. CashAdvanceOnline.net has examined the reasons why in a new article on its website
LOS ANGELES, October 17, 2013 /PRNewswire/ --
CashAdvanceOnline.net, the McAfee Secure™ certified consumer finance resource and short term loan comparison service, has put the spotlight on American consumer confidence in a new article and infographic published on its site.
The foundations of the article's facts come from a new survey released by a New York City-based research group called The Conference Board. Within the survey, the findings show that the American populace is bracing itself for a bumpy winter ahead, with concerns regarding hiring, salary freezes and job security.
A spokesperson for CashAdvanceOnline.net announced the publication of the article in the following statement that was released to the press:
"Pessimism regarding the state of the nation's financial health is very much at the heart of America at the moment. Even before the federal government shutdown cast an even darker light on people's fiscal scenarios, many were already prophesizing troubles and hardship over the next 6 months."
The statement continued, "The Conference Group's study shows that consumer confidence has dropped significantly between August and September. We have taken these figures and looked into greater detail as to why this is the case. We invite consumers to read our findings and decide for themselves whether or not they think that 2014 will be a better or worse time for them financially."
In addition to publishing the article, the site has made an infographic that highlights the most pertinent findings of the survey. This infographic can be downloaded for free or embedded onto a website.
Some reasons for low American consumer confidence, as featured in the article, include:
- Concerns about the impending holiday season: The holidays are an expensive period, with many households spending more than they can afford.
- Uncertainty of bonus payments: Winter bonus payments are something or a rarity at the moment, and many employees can do longer bank on receiving one.
- Higher interest rates and low stock prices: Interest rates on the increase means paying more for debts, mortgages and credit, placing more strain on financial outgoings.
The article can be read in its entirely along with the infographic at: http://www.cashadvanceonline.net/low-consumer-confidence/
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