Jump to content
House Price Crash Forum
Sign in to follow this  
Realistbear

Nielsen Poll: One Third Of Us Feel Skint

Recommended Posts

http://uk.finance.yahoo.com/news/Fewer-people-cash-spare-tele-3039832743.html?x=0

Fewer people have cash to spare
Kara "Ka" Gammell, 13:09, Wednesday 2 February 2011
Almost a third of people claim they have “no spare cash” as pressures on personal budgets mount, according to a survey.
According to the latest Consumer Confidence Survey by the Nielsen Company and the British Retail Consortium (BRC), the number of people who do not have any spare spending money has increased by six percentage points since last year.
The poll also showed that overall consumer confidence was lower at the end of 2010 than at the beginning, indicating that
many people now believe it is a “bad” time to spend.
The main strain on household budgets came from increasing utility bills and rising food and fuel costs. Fewer people said they were spending disposable income on holidays, clothes, home improvements, new technologies and investments, while the number of people saying they were saving dropped from 34pc to 31pc.
The study also found that
82pc of consumers still believed Britain was in recession
while only 14pc believed the country would be out of recession within 12 months, the lowest figure of the year.
Chris "Christopher" Morley of Nielsen said: “Looking forward into 2011, discretionary expenditure is expected to be squeezed harder, with household income for most shoppers unlikely to keep pace with the rising cost of living.

With sentiment this bad how can the government expect consumer led growth? People are skint FFS.

I wonder why they don't ask about what they think their house price will do?

Share this post


Link to post
Share on other sites

http://uk.finance.yahoo.com/news/Fewer-people-cash-spare-tele-3039832743.html?x=0

Fewer people have cash to spare
Kara "Ka" Gammell, 13:09, Wednesday 2 February 2011
Almost a third of people claim they have “no spare cash” as pressures on personal budgets mount, according to a survey.
According to the latest Consumer Confidence Survey by the Nielsen Company and the British Retail Consortium (BRC), the number of people who do not have any spare spending money has increased by six percentage points since last year.
The poll also showed that overall consumer confidence was lower at the end of 2010 than at the beginning, indicating that
many people now believe it is a “bad” time to spend.
The main strain on household budgets came from increasing utility bills and rising food and fuel costs. Fewer people said they were spending disposable income on holidays, clothes, home improvements, new technologies and investments, while the number of people saying they were saving dropped from 34pc to 31pc.
The study also found that
82pc of consumers still believed Britain was in recession
while only 14pc believed the country would be out of recession within 12 months, the lowest figure of the year.
Chris "Christopher" Morley of Nielsen said: “Looking forward into 2011, discretionary expenditure is expected to be squeezed harder, with household income for most shoppers unlikely to keep pace with the rising cost of living.

With sentiment this bad how can the government expect consumer led growth? People are skint FFS.

I wonder why they don't ask about what they think their house price will do?

All this adds more grist to my deflationary mill and that for those non-elitists (c.90%) the recovereh has been more illusory than miracle. Will intensify this year too - with hundreds of thousands of job losses, wage freezes/falls and even the prudent with savings won't feel any better off as IRs stay at nowt.

My question is, when will the elite/banksters feel the chill winds of asset deflation. If it doesn't happen soon, won't be happy :angry:

Share this post


Link to post
Share on other sites

With sentiment this bad how can the government expect consumer led growth? People are skint FFS.

err, they're not, they are expecting export-led growth

Share this post


Link to post
Share on other sites

With 20% unemployed and wages for the low paid having stagnated over the past decade it's not surprising they feel skint. I wonder how many bankers feel the same?

Edited by interestrateripoff

Share this post


Link to post
Share on other sites

With 20% unemployed and wages for the low paid having stagnated over the past decade it's not surprising they feel stint. I wonder how many bankers feel the same?

The banksters have had a very private party with QE. It'll be interesting how long the 'squeezed middle' put up with this. The elite have taken us all for fools - predict nervous employees will be thankful for 10% wage cuts just to cling onto their jobs. Bad news for Tesco, great for Burberry.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 312 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.