Credit Card News
Advertising Disclosure
Credit-Land.com is an independent, advertising-supported web site. Credit-Land.com receives compensation from many credit card issuers whose offers appear on our site. Compensation from our advertising partners impacts how and where their products appear on our site, including, for example, the order in which they may appear within review lists. Credit-Land.com has not reviewed all available credit card offers in the marketplace.
Credit Card Applications » News » Other » Many Americans Spend With Confidence This Holiday Shopping Season

Many Americans Spend With Confidence This Holiday Shopping Season

By
Add to Favorites:
Many Americans Spend With Confidence This Holiday Shopping Season

The economic spirits of consumers country-wide soared slightly last month according to Discover`s U.S. Spending Monitor. This poll, which tracked the spending habits and overall economic confidence of some 8,200 individuals throughout the month of November, noted that 86.3% of consumers surveyed indicated feeling good about the financial state of things in the US. That figure represents a 7-point increase from October.

There was a 19% boost in consumer positive thinking, which represents a 4 point increase in feelings that economic conditions across the nation are improving. As for those consumers who believe that economic conditions are getting worse, they dropped 7 points from October`s number to 55%.

The percentage of consumers who categorized their personal finance situation as poor dropped two points from October to November to 24% which is the lowest level reported since July. Meanwhile, some 33% of consumers indicated that their personal finances were either “good” or “excellent” in November, which is three points higher than poll results for the month prior.

Despite the fact that the majority of consumers believe that the economy is in a sorry state, the percentage of people subscribing to this belief declined by 7 points to 61%. Discover`s Spending Monitor revealed that only 8% of consumers consider America`s economic conditions to be good or excellent.

The bulk of those looking on the bright side of the economic situation were in the 18 to 39 year-old age range. The attitudes for those aged 40 to 64 and 65 plus were rather more subdued.

In terms of holiday gift giving, 40% of consumers plan to spend the same amount of money or more on presents for friends and loved ones this year in comparison to last year. This could be due, in part, to, that according to the poll, 48% of consumers anticipate having some money left over after paying off their bills for the month. This percentage represents more than a 3 point increase since October and is the highest it`s been since February.

Add to Favorites:

Related News:

Fifth Third Bancorp Upgrades App

By Dar Dowling, Posted: January 20, 2017

Fifth Third Bancorp has upped the ante when it comes to their mobile app, in terms of how many ways users can pay for merchandise – now letting them make payments with all of the available payment platforms. Continue reading
New Credit Card by Amazon and Chase

By Dar Dowling, Posted: January 19, 2017

Amazon.com, Inc. and Chase have joined together to roll out the new Amazon Prime Rewards Visa Signature Card offering 5% back on all Amazon.com purchases. Continue reading
Wix and Square Team Up to Make Payments Easier

By Dar Dowling, Posted: January 18, 2017

Wix, a cloud-based web development platform letting people set up a wide range of websites, is teaming up with Square to provide merchants and entrepreneurs a new method of taking payments for products and services bought online and in ... Continue reading
Get the latest news, articles and expert advice delivered to your inbox. It's FREE.
Unlimited 1.5x rewards on every purchase, every day. For every $1 you spend, you earn 1.5x Miles.
For Excellent, Good Credit
You could turn $200 into $400 with Cashback Match™. We’ll automatically match all the cash back you earn at the end of your first year. New cardmembers only.
For Excellent, Good Credit
Guaranteed $500 Unsecured Credit Limit
For Bad Credit