Survey: Recession Long From Over

  • March 1, 2010
Most consumers don't expect improvement in the economy for at least another year and continue to tighten their belts, according to Cardbeat, a syndicated market research report published by Westbury-N.Y.-based Auriemma Consulting Group.

Eighty-five percent of survey respondents believe that it will take at least one year to begin to see improvement in the economy, with 42% expecting that the recovery is still one to two years away.

"Most of our respondents continue to worry about their own finances and job security," says Nancy Stahl, editor of Cardbeat. "About half of respondents said they are spending less on their credit cards, comparing prices more frequently, buying only things they need, buying fewer luxury items, clipping coupons more frequently, and making fewer large purchases." --Tanya Irwin

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