Interesting Spending Information: Drake Morton

Change Noted In Consumer Spending Expectations

According to the latest ChangeWave survey of U.S. consumers, conducted January 5-9, editors Paul Carton and Jean Crumrine suggest that this latest survey shows some intriguing signs that consumer spending may finally be stabilizing after a prolonged slowdown. While overall spending still looks terrible, they say, the 90-day outlook is not quite as horrible as it was in the December 2008 survey. Fifty-seven percent of U.S. respondents said they’ll spend less during the next 90 days than they did a year ago — but that’s three points better than in the December survey. Another 13% said they’ll spend more — two points better than previously. (more…)