Executives Feel Optimistic About Economy But Consumers Remain Pessimistic
According to the up to date analysis by research agency TNS, consumers assessments and beliefs about the U.S. economy remain, for the most part, bleak. The study revealed that consumer's opinion about the economy hasn't changed at all since September.
64 percent of consumers that were surveyed currently hold a bleak outlook. Yet despite the fact that the consumers still have negative perceptions, business executives that pull between three million to two billion dollars have, as one might have guessed, a much rosier take on the situation.
Even though consumers felt slightly more positive about prospects for the economy in September, their take shifted to a more negative position in December. The study revealed that a large majority of consumers; sixty six percent, strongly believe that they will be reducing their personal spending over the next six months.
Despite the fact that executives are more apt to claim that the economy will improve in the next coming months, consumers remain doubtful. The credit situation has almost everyone glued in cost cutting mode. Furthermore, most companies are going to continue to assertively look for ways to cut costs in the next half year. Fifty two percent say that this includes labor costs.
And despite the fact that executives are remaining optimistic, they admit that the unemployment problem in the United States will only get worse before it gets better.
Last Sunday we saw that Walmart let go 11,200 Sam's Clubs Employees, outsourcing the positions instead. And although recent studies have suggested that the jobless rate has gone down, there are almost no jobs that have been created.
Clearly this data has ramifications on the debt collecting industry. In recent blogs, writers have put down collections agencies; asserting that bill collectors should be the only ones doing well in the economy. But when consumers don't have the money or the means to repay a debt, obvious pitfalls in the industry will occur.
64 percent of consumers that were surveyed currently hold a bleak outlook. Yet despite the fact that the consumers still have negative perceptions, business executives that pull between three million to two billion dollars have, as one might have guessed, a much rosier take on the situation.
Even though consumers felt slightly more positive about prospects for the economy in September, their take shifted to a more negative position in December. The study revealed that a large majority of consumers; sixty six percent, strongly believe that they will be reducing their personal spending over the next six months.
Despite the fact that executives are more apt to claim that the economy will improve in the next coming months, consumers remain doubtful. The credit situation has almost everyone glued in cost cutting mode. Furthermore, most companies are going to continue to assertively look for ways to cut costs in the next half year. Fifty two percent say that this includes labor costs.
And despite the fact that executives are remaining optimistic, they admit that the unemployment problem in the United States will only get worse before it gets better.
Last Sunday we saw that Walmart let go 11,200 Sam's Clubs Employees, outsourcing the positions instead. And although recent studies have suggested that the jobless rate has gone down, there are almost no jobs that have been created.
Clearly this data has ramifications on the debt collecting industry. In recent blogs, writers have put down collections agencies; asserting that bill collectors should be the only ones doing well in the economy. But when consumers don't have the money or the means to repay a debt, obvious pitfalls in the industry will occur.
About the Author:
Mallory Megan is employed by a debt collection company. Also, shecomposes pieces on consumer spending, business and finance, and debt collection.
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