How do the frequent media reports about national debt ect affect consumer confidence?
Abel M asked:
How do the frequent media reports about national debt, corporate earnings, and unemployment levels affect consumer confidence?
How do the frequent media reports about national debt, corporate earnings, and unemployment levels affect consumer confidence?
Tags: Consumer Confidence, Corporate Earnings, National Debt
October 1st, 2009 at 5:16 am
Not sure what the question is?
If you asking if it really affects the confidence, well of corse it does that is why the president is running around telling everyone the economy is getting better.
In actuallity he has no facts to prove that but just because he said it is, its going to get atleast a little better.
October 3rd, 2009 at 1:03 am
Most people pay no attention, and don’t even try to understand it all. For those who do pay attention, and understand it, the situation is unspeakably dire, and they are hanging onto their money, paying off debts, and building savings to prepare for worse to come.
October 3rd, 2009 at 2:08 am
In the simplest sense, people will be inclined to save more money by spending less. The less people buy, the longer it will take for businesses to recover.
The stimulus package tries to remedy this dilemma.
It’s supposed to help alleviate people with financial problems (debt, mortgage, unemployment) so that they can recover faster and establish their buying power.
The stimulus package is also meant to induce demand buy giving incentives for customer purchases.