I have a Google alert set for “consumer” to send me potential blog ideas. Today’s alert had a bunch of stories about Consumer Confidence. In a word, it’s down. In the US, the confidence measurement is at 63. I don’t know what that means, but it was 64.9 a month ago. So, in other words, DOWN.
Basically, consumer confidence measures whether you feel safe in making a big purchase or taking that nice vacation, or NOT.
So, let’s hear from the MindField family. What is your confidence level? Are you making purchases? Taking trips? Holding off?
I will go first. We have made a couple of bigger purchases this year, but only the kind that count as investments, such as new floors. Next week, our big vacation consists of driving back home to see family and friends. You could say my confidence level is “meh.”
How about you?
PS: For our Canadian friends: your confidence is UP. What’s that aboot? Send some of that confidence down south, eh?
PPS: New confidence numbers are coming in a day or so. Cross your fingers!
UPDATE: The new number came out….62. Whoops!
UPDATE 2, August 29: New number 60.6! More whoops!
I do not feel too comfortable with the economy right now.
so, no big purchases or trips?
Can’t afford them.
lot of that going around. thanks terry!
There is barely enough money to pay all the bills and buy groceries and our monthly trips to out of town doctors. Our vacation is in our back yard with family and friends in our swimming pool and the occasional cook something on the grill with them.
Gas prices are coming down but food prices continue to rise. And I have my suspicions about why they are coming down.
well, enjoy your time with fam and friends!
joyhouse Rev Here ~ Ever sence Obama took office ~ Whats a Vacation???????? We drive 2 Dollar Tree a lot Gloria M Boroff Portland, oregon
with the economy being down we have cut back and waiting to buy big tag items. just buying what we need
I won’t be confident until we get Obama out of office. All he is riding on is tearing down his opponents. If he wasn’t so aweful himself, he would state what he has accomplished. He barely passes with a D.
without taking sides, politics does play a part in consumer confidence, for sure.