Hmm.. maybe my views in the Consumer Auto Reports post could be incorrect. Could it actually be fear that will keep people from spending?
According to a Gallup Poll released today:
The percentage of Americans saying they worry “a great deal” about the economy has surged by more than 20 points over the past year, moving the issue from 6th on the list of 12 national issues measured in 2007 to tied for first today with healthcare.
The only other issue for which Americans’ level of concern increased a significant amount since 2007 is unemployment, a major economic sub-issue.
When combined with this week’s Consumer Confidence Index, the data shows Americans are more worried than they’ve been in many years.
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