Posts Tagged ‘ Financial recovery ’

Consumer Spending Peaks Since Bailout

consumer-spending1The willingness of the Irish consumer to spend money is at its highest level in three years, regardless of the fact that over 50% of people polled believe their disposable income will have lessened by next year.

A survey done by Behaviour and Attitudes revealed that 55% of people think their wages will decrease by next year, and that the Irish economy will continue to worsen; just 12% said they believe the economy will be better in 2014. Yet surprisingly, consumer confidence has risen, to its highest level since before the 2010 bailout. B&A director Luke Reaper said of the report, “this leads us to believe that Irish consumers, while still viewing the economy negatively, are beginning to weather the storm”. Continue reading