As Holidays Approach, Employment and Finances a Concern

The Consumer Reports Index for October shows that despite the upcoming boost from the holiday retail seasons the same problems are continuing to keep recovery down. This Index measures a number of milestones to create a summary of the overall health of consumer finances. The retail environment is preparing for a medium quality season, but […]

Some See Economic Improvement on the Horizon

People in the United States are still uncertain over unemployment and job creation but they are feeling a little more optimistic about the overall American economy, according to a recent Harris Poll. Looking at the future, more than a third of the nation’s residents, or 34 percent, think that the economy is going to improve […]

Wealthy Americans Optimistic about Financial Future

As the economy in the United States begins to recover from the recession, many Americans feel a sense of optimism greater than they had before the recession regarding their financial future. The Mintel organization published a report recently entitled Wealth Management-January 2011 that shows that more than 80 percent of households with high net worth […]

Consumers May be Losing Confidence as Christmas Nears

November’s holiday spending came out strong, but many consumers are losing their confidence with new reports showing that employment numbers remain low and other financial problems rise says Consumer Report’s December Index. Details from this report show that November spending was up over the previous month, as well as last year’s November. However, the report’s […]

Thanksgiving Travel Expected to Increase this Year

It’s expected that more Americans will be going to see family this Thanksgiving. AAA is projecting an increase in auto travel that will be a little over 11%. Even though there is still a high rate of unemployment, it seems that households are doing a little better this year. The report is even showing an […]

Holiday Shoppers Divided Over Spending

Deloitte recently released their 25th annual survey of consumer intentions for spending this holiday season, and the results are interesting. Economic woes have left many consumers less likely to spend as much money as they would for gifts a few years ago, but some important sections of the survey demographics showed a surprisingly cheerful outlook. […]

Negative Outlook About American Job Market Continues

  The unemployment report that is released each month is still one of the most talked about and focused upon pieces of financial data, even among people who aren’t normally concerned with the economy. Many experts and everyday Americans agree that the economy won’t bounce back until the job market has recovered, but this recovery […]

Big Ticket Purchases Show No Increase Since May

The economy may be at a standstill, with little hope for improvement in the near future, according to results from a new Harris Poll. Consumers are not expecting to receive new work or higher income anytime soon, and this is reflected in their reluctance to commit to making large purchases in the next six months. […]

Economy Continues Struggle with Job Outlook Bleak, says Report

According to the latest Consumer Reports Index, consumer difficulties are in a decline, however the report found that the job picture for Americans continues to worsen and retail activity is once again starting to fall off.  Even with consumer difficulties improving, the report paints a bleak picture for an economy struggling to recover. The September […]

Obama Names Goolsbee New Head of Council of Economic Advisers

President Barak Obama has announced that Austan Goolsbee will take over as the leader of the Council of Economic Advisers.  The move has been anticipated for some time.  The President called Goolsbee “one of the finest economists in the country” when making the announcement. Goolsbee will replace Christina Romer, who is stepping away from the […]

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