Consumer and investor confidence dwindling as recession looms
Released on: March 23, 2008, 11:56 pm
Press Release Author: Anaya
Industry: Financial
Press Release Summary: Recession and slowing down of the economy has affected the morale of the investors and general public badly.
Press Release Body: London (Longdogfinance) March 24, 2008: Investors and the general public believe a recession is the worst threat to their financial well-being and forces them to save more and spend less.
According to a latest survey conducted by the Association of Investment Companies (AIC) more than a third of active investors believe a recession is the most potential threat, while 26 percent are seriously concerned about a stock market crash.
The general public mirrors that sentiment, with one in five saying the financial fear for the next six months is a recession, while 17 percent expressed worry about an interest rate rise. As a result, 26 percent of active investors and 28 percent of the public are reeling in spending and saving more to protect them from an economic lean period.
Almost three quarters of investors and more than half of the general population say the credit crunch has not changed their spending or saving habits drastically. 70 percent of the general public does not have any plan to use their individual savings account allowance this year.
The majority of investors, meanwhile, plan to increase their stock holdings in the coming months because they suppose that market volatility has offered buying opportunities. Around 16 percent of them plan to reduce holdings; about a third of whom would do so in the event of a recession.
For additional information on the news that is the subject of this release (or for a sample, copy or demo), contact Webmaster or visit http://www.longdogfinance.co.uk/
Web Site: http://www.longdogfinance.co.uk/
Contact Details: Parade House 135, The Parade High Sreet Watford Hertfordshire WD17 1NS
2012
