Monday, December 15, 2008

Psychology of Bad Times Fueling Consumer Cutbacks

Job Worries Mount, 73% Spending Less on Holidays

"Americans continue to render extremely bleak assessments of economic conditions, both with respect to the national economy and their own financial situations. Fully 92% of the public rates the national economy as only fair or poor, and a substantial majority (61%) judges their personal finances that way. Both measures are among the most negative recorded in Pew Research Center surveys over the past 15 years." Source: Pew Research Center for People and the Press

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