Thursday, February 04, 2016
What America Thinks: Consumer Spending Update: Plenty Now, Not Enough Later?
Consumers are feeling pretty confident that they will have money left over after they’ve paid their bills this month, but they’re less sure where they are headed financially in the month to come.
Fifty-seven percent (57%) now say that they will have money left over after all their expenses are paid, up two points from last month and the highest level of confidence since last June.
But consumers don’t expect that leftover money to last very long. Sixty-three percent (63%) claim they couldn’t continue their current lifestyle for more than three months if they faced a sudden loss of income. That includes 21% who say they wouldn’t even make it through the month.
The Index of Personal Finance Direction echoed that sentiment, falling to 105.5, six points below the monthly average of 111.2. Thirty-eight percent (38%) now say they expect their personal finances to get worse, while 27% say they are getting better and 34% say they will stay the same.
For more information on Rasmussen Reports’ consumer spending data, please send an e-mail to email@example.com.