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Consumers More Confident in December, But Weary
HOW LOANRATEUPDATE WORKS
READ OUR DISCLOSURE
FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
READY TO SPEAK TO A PROFESSIONAL?
LOANRATEUPDATE IS NOT A LENDER OR A BROKER BUT WE HAVE LOTS OF FRIENDS WHO ARE
Pick the service you desire below
Consumers More Confident in December, But Weary
HOW LOANRATEUPDATE WORKS
READ OUR DISCLOSURE
FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
LOANRATEUPDATE IS NOT A LENDER OR A BROKER BUT WE HAVE LOTS OF FRIENDS WHO ARE
Pick the service you desire below
Consumers More Confident in December, But Weary

January 3, 2012 (Chris Moore)

Consumer confidence improved for the fourth consecutive month in December as better economic news at the end of the year was reflected in more optimistic expectations for the coming year according to the latest Surveys of Consumers by Reuters/University of Michigan.

News of improved employment numbers were frequently cited by consumers in December’s survey and are the most likely cause for the boost in consumer confidence.

Twenty-nine percent of the consumer’s surveyed expected good times economically in 2012, up from 19 percent in November, and up from the low of 14 percent last August.

Although the news of the employment gains may have led to an increase in expectations for next year, consumer’s views of their own personal finances continued to be dismal.

For the 49th consecutive month, more consumers reported that their finances had worsened rather than improved with income declines mentioned twice as frequently as income increases.

Consumers also continued to have a negative view about their own financial outlook in 2012 with only one-in-ten expecting their living standard to improve in the coming New Year and only one-in-four expecting their personal finances to improve.

All three indices that make up the Index of Leading Economic Indicators posted gains again in December, but were still down from last year’s levels.

The Consumer Sentiment Index climbed 9.0 percent to 69.9 in December, up from 64.1 in November but down 6.2 percent from 74.5 in December of last year.

The Consumer Expectations Index increased to a level of 63.6 in December, up 14.8 percent from a level of 55.4 in November and down 5.8 percent from a level of 67.5 in December 2010.

The Current Conditions Index climbed 2.6 percent to 79.6 in December, up from 77.6 in November but down 6.7 percent from 85.3 in December of last year.

Richard Curtin, Surveys of Consumers chief economist said, “Given the continued weakness in consumers’ assessments of their personal finances, the Congressional stalemate on extending the payroll tax holiday could easily reverse the recent gains. To be sure, consumers have come to expect last minute action by the Congress, not inaction on such a vital issue. If the payroll tax holiday is not extended, it would be a significant drag on economic growth, and would increase the likelihood that weakness in consumer spending would again put the economy at risk of a renewed downturn. Even a month long delay would heighten uncertainty and cause consumers to begin to take precautionary actions.”

Congress eventually passed the Social Security tax reduction just before the Christmas recess, but for only two months, which only adds to the uncertainty for the coming year and could stall consumer spending until a more permanent solution is found.

Tags: Surveys of Consumers, Reuters/University of Michigan, consumers, economic slowdown, finances, recession, financial expectations

Source:
Reuters/University of Michigan

What's the four square system? How much is your trade-in really worth and why those payments really do seem a little higher than you thought.
There's both advantages and disadvantages to leasing and buying depending on what you're planning to use your car for and how long you plan on keeping it.
Sure that low interest dealer financing sounds really attractive but there's a price to be paid for that. We spill the beans as to why getting your own financing may save you money.
Buying a car at a dealership hasn't changed much through the years but doing your research on the internet can you save you a lot of time and most importantly, a lot of money.
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A NEW CAR?


WE GIVE YOU THE INSIDE TIPS THAT
COULD SAVE YOU THOUSANDS.
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Buying a home is a big decision. If you are not prepared, the decisions you make, the questions you don’t ask, and the details you miss could cost you thousands – in price, fees, financing, property issues, and home repairs.
Home loans can be confusing. There's a lot of options and we provide the information that makles it simple. Don't sign on that dotted line until you know. It could cost you.
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January 3, 2012 (Chris Moore)

Consumer confidence improved for the fourth consecutive month in December as better economic news at the end of the year was reflected in more optimistic expectations for the coming year according to the latest Surveys of Consumers by Reuters/University of Michigan.

News of improved employment numbers were frequently cited by consumers in December’s survey and are the most likely cause for the boost in consumer confidence.

Twenty-nine percent of the consumer’s surveyed expected good times economically in 2012, up from 19 percent in November, and up from the low of 14 percent last August.

Although the news of the employment gains may have led to an increase in expectations for next year, consumer’s views of their own personal finances continued to be dismal.

For the 49th consecutive month, more consumers reported that their finances had worsened rather than improved with income declines mentioned twice as frequently as income increases.

Consumers also continued to have a negative view about their own financial outlook in 2012 with only one-in-ten expecting their living standard to improve in the coming New Year and only one-in-four expecting their personal finances to improve.

All three indices that make up the Index of Leading Economic Indicators posted gains again in December, but were still down from last year’s levels.

The Consumer Sentiment Index climbed 9.0 percent to 69.9 in December, up from 64.1 in November but down 6.2 percent from 74.5 in December of last year.

The Consumer Expectations Index increased to a level of 63.6 in December, up 14.8 percent from a level of 55.4 in November and down 5.8 percent from a level of 67.5 in December 2010.

The Current Conditions Index climbed 2.6 percent to 79.6 in December, up from 77.6 in November but down 6.7 percent from 85.3 in December of last year.

Richard Curtin, Surveys of Consumers chief economist said, “Given the continued weakness in consumers’ assessments of their personal finances, the Congressional stalemate on extending the payroll tax holiday could easily reverse the recent gains. To be sure, consumers have come to expect last minute action by the Congress, not inaction on such a vital issue. If the payroll tax holiday is not extended, it would be a significant drag on economic growth, and would increase the likelihood that weakness in consumer spending would again put the economy at risk of a renewed downturn. Even a month long delay would heighten uncertainty and cause consumers to begin to take precautionary actions.”

Congress eventually passed the Social Security tax reduction just before the Christmas recess, but for only two months, which only adds to the uncertainty for the coming year and could stall consumer spending until a more permanent solution is found.

Tags: Surveys of Consumers, Reuters/University of Michigan, consumers, economic slowdown, finances, recession, financial expectations

Source:
Reuters/University of Michigan

What's the four square system? How much is your trade-in really worth and why those payments really do seem a little higher than you thought.
There's both advantages and disadvantages to leasing and buying depending on what you're planning to use your car for and how long you plan on keeping it.
Sure that low interest dealer financing sounds really attractive but there's a price to be paid for that. We spill the beans as to why getting your own financing may save you money.
Buying a car at a dealership hasn't changed much through the years but doing your research on the internet can you save you a lot of time and most importantly, a lot of money.
THINKING OF BUYING
A NEW CAR?


WE GIVE YOU THE INSIDE TIPS THAT
COULD SAVE YOU THOUSANDS.
Calculate how much you can afford
BUYING OR SELLING A HOME
IS A BIG DECISION
WE MAKE IT EASIER
Buying a home is a big decision. If you are not prepared, the decisions you make, the questions you don’t ask, and the details you miss could cost you thousands – in price, fees, financing, property issues, and home repairs.
Home loans can be confusing. There's a lot of options and we provide the information that makles it simple. Don't sign on that dotted line until you know. It could cost you.
FIND THE CREDIT CARD THAT'S RIGHT FOR YOU
THERE'S A CREDIT CARD FOR VIRTUALLY ANY SITUATION. FIND YOURS.
YOU'VE WORKED HARD TO BUILD YOUR DREAM

LEARN ABOUT THE LOAN OPTIONS AVAILABLE TO EXPAND YOUR BUSINESS

January 3, 2012 (Chris Moore)

Consumer confidence improved for the fourth consecutive month in December as better economic news at the end of the year was reflected in more optimistic expectations for the coming year according to the latest Surveys of Consumers by Reuters/University of Michigan.

News of improved employment numbers were frequently cited by consumers in December’s survey and are the most likely cause for the boost in consumer confidence.

Twenty-nine percent of the consumer’s surveyed expected good times economically in 2012, up from 19 percent in November, and up from the low of 14 percent last August.

Although the news of the employment gains may have led to an increase in expectations for next year, consumer’s views of their own personal finances continued to be dismal.

For the 49th consecutive month, more consumers reported that their finances had worsened rather than improved with income declines mentioned twice as frequently as income increases.

Consumers also continued to have a negative view about their own financial outlook in 2012 with only one-in-ten expecting their living standard to improve in the coming New Year and only one-in-four expecting their personal finances to improve.

All three indices that make up the Index of Leading Economic Indicators posted gains again in December, but were still down from last year’s levels.

The Consumer Sentiment Index climbed 9.0 percent to 69.9 in December, up from 64.1 in November but down 6.2 percent from 74.5 in December of last year.

The Consumer Expectations Index increased to a level of 63.6 in December, up 14.8 percent from a level of 55.4 in November and down 5.8 percent from a level of 67.5 in December 2010.

The Current Conditions Index climbed 2.6 percent to 79.6 in December, up from 77.6 in November but down 6.7 percent from 85.3 in December of last year.

Richard Curtin, Surveys of Consumers chief economist said, “Given the continued weakness in consumers’ assessments of their personal finances, the Congressional stalemate on extending the payroll tax holiday could easily reverse the recent gains. To be sure, consumers have come to expect last minute action by the Congress, not inaction on such a vital issue. If the payroll tax holiday is not extended, it would be a significant drag on economic growth, and would increase the likelihood that weakness in consumer spending would again put the economy at risk of a renewed downturn. Even a month long delay would heighten uncertainty and cause consumers to begin to take precautionary actions.”

Congress eventually passed the Social Security tax reduction just before the Christmas recess, but for only two months, which only adds to the uncertainty for the coming year and could stall consumer spending until a more permanent solution is found.

Tags: Surveys of Consumers, Reuters/University of Michigan, consumers, economic slowdown, finances, recession, financial expectations

Source:
Reuters/University of Michigan

THINKING OF BUYING
A NEW CAR?


WE GIVE YOU THE INSIDE TIPS THAT
COULD SAVE YOU THOUSANDS.
What's the four square system? How much is your trade-in really worth and why those payments really do seem a little higher than you thought.
There's both advantages and disadvantages to leasing and buying depending on what you're planning to use your car for and how long you plan on keeping it.
Sure that low interest dealer financing sounds really attractive but there's a price to be paid for that. We spill the beans as to why getting your own financing may save you money.
Buying a car at a dealership hasn't changed much through the years but doing your research on the internet can you save you a lot of time and most importantly, a lot of money.
Calculate how much you can afford
BUYING OR SELLING A HOME IS A BIG DECISION
WE MAKE IT EASIER
Buying a home is a big decision. If you are not prepared, the decisions you make, the questions you don’t ask, and the details you miss could cost you thousands – in price, fees, financing, property issues, and home repairs.
Home loans can be confusing. There's a lot of options and we provide the information that makes it simple. Don't sign on that dotted line until you know. It could cost you.
FIND THE CREDIT CARD THAT'S RIGHT FOR YOU
THERE'S A CREDIT CARD FOR VIRTUALLY ANY SITUATION. FIND YOURS.
YOU'VE WORKED HARD TO BUILD YOUR DREAM

LEARN ABOUT THE LOAN OPTIONS AVAILABLE TO EXPAND YOUR BUSINESS