Consumer confidence to write a five month minimum-HPC

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The American people tend to be pessimistic on the job market and personal income prospects, June consumer confidence index fell to a five month low. House prices in April compared to last year continues to decline but the decline is the smallest in more than a year, rose compared with March, further indication that the housing market is stabilized.
Economic Research Consortium announced the June consumer confidence index unexpectedly fell to 62, not as good as May revised 64.4, and below the Bloomberg interviewed economists predict 63.

 

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A brand new report from BankRate.com claims that many American consumers are not following fundamental financial disciplines, such as tracking spending and keeping a spending budget. This, states the report, is only one reason why the Financial Security Index has fallen to its smallest point since March.