The current dip in the CASH Index is due to downturns in the broadest measures of consumer attitudes - the state of the local economy now and in the near future. Currently, local economic expectations stand at -5.1 (down 0.7 points since mid-April, 2003) and are the largest negative contributor to the Index. Despite remaining unchanged since mid-April, 2003, the current state of personal finances (at -3.9) remains the second largest negative contributor to the Index.
While local economic expectations are the largest negative contributor to the Ipsos National CASH Index, one-third of respondents are optimistic about the future. 37% of respondents expect the local economy to be stronger in six months; only 13% expect their local economy to be weaker.
- The two regions most optimistic about the future of the local economy are New England (47% stronger) and Pacific (41% stronger).
- New England and the Pacific region have, over the past six months, been the most negative in overall economic outlook as well most negative in their evaluation of President Bush.
- Other demographic groups that are most optimistic about the future of the local economy are: Age 75+ (50% stronger), Hispanics (46% stronger), College-educated men (41% stronger), and individuals with household income of $75K+ (44%).
- The two regions least optimistic about the future of the local economy are the Mid-Atlantic (30% stronger) and the West North Central region (33% stronger).
- Other demographic groups that are the least optimistic about the future of the local economy are: Blacks (28% stronger), Women 18-44 (31% stronger), Single moms (31% stronger), and individuals who rent their home (31% stronger).
To view the complete release online, with charts, go here.