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“High gas prices, rising inflation, and increasing financial troubles has taken a toll on consumers.” That is according to the Consumer Reports Sentiment Index, which they began publishing not too many months ago. CR reports the index fell in May to 45.7 from 50.2

As the map above shows, however, the net result is somewhat unevenly distributed.

One caveat with consumer sentiment — it tends to be coincidental, and not forward looking.

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Source:
CR Index: Consumers are more gloomy and stressed out
Mandy Walker
May 10, 2011    
http://news.consumerreports.org/money/2011/05/cr-index-consumers-more-gloomy-stressed-out-sentiment-down-decline-financial-difficulties-employment.html

Category: Digital Media, Psychology

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7 Responses to “Consumer Sentiment Remains Gloomy”

  1. Francois says:

    That is what happen when the powers that be choose the banksters, mortgage servicers and other financial mafiosi over ordinary people.

    We shall get our lost decade a la Japan: the bastards never learn.

  2. Chief Tomahawk says:

    Well, punch up http://www.condo.com, enter a city and state, and see what the newest units to come on the market are priced at. Then, if you choose, click on the drop box and select “Price drop: newest to oldest” to see which properties have taken recent price cuts and by what percentage. I live in a working/middle class area (no slums or McMansions about), and 6 of the 25 properties shown under the price drop feature have had their asking price cut by more than 10% within the last 11 days. The extreme is a 2 bdrm/1 bath which took a 55.41% price cut 11 days ago. It’s not a very attractive place, but if there wasn’t 9%+ unemployment, $4.50 a gallon gas, etc., even a shoe box such as it would find a homeowner …

  3. mathman says:

    Before it’s over we may have people living out of their cars or, abandoning that, cardboard boxes, and shanty town lean-tos as we plunge into the second leg of the so-called recession. As gas keeps rising, jobs keep disappearing and food gets more expensive “gloomy” doesn’t begin to cut it as describing the hell many of us are (barely) living through.

  4. ashpelham2 says:

    Funny thing is, it’s not that I could not find a job a couple of years ago when I got laid off from one of the Retirement/Insurance companies. I could find a job, but you’d just be miserable and getting paid nothing doing it. Most disturbing to me, is that employers expect the younger generations to do the same job and then some that their parents did, but for the same or less pay, all the while costs have continued to rise. What’s most depressing is that the politicians just don’t notice any of it.

  5. franklin411 says:

    The Northeast and the West were hit first and hardest when the GOP’s Depression began. Now they’re recovering and feeling better. The Midwest and the South thought it was immune, but eventually they were hit as well, so it is to be expected that sentiment would lag there. This map is a sign of recovery imo.

  6. willid3 says:

    i think ashpelham2 hit. its not the taxes. its not even inflations. its that incomes have been deflating. and nobody seems to care. or even notice it, except for the majority. who think tax cuts will fix it. they won’t