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Debt consolidation may help as men are more negative about the economy
By Edith Barlow on Jul 30th, 2010
A recent survey shows that women and men differ in their attitudes when it comes to the prospect of economic improvement in the next 12 months.
According to the poll, which was conducted by Hart Research Associates for Citi, 50 percent of men said they felt there would be an improvement in business conditions by this time next year. That contrasts with the 56 percent of women who indicated that brighter times are ahead.
When it comes to personal finances, 66 percent of men said they were somewhat or very optimistic that they would see better times, while 66 percent of females said the same. While that figure has remained steady for females since March, it has dropped by four percentage points for males.
"The survey finding on women's optimism is a bright spot in the midst of the economic downturn," said Lisa Caputo, chairwoman of Citi's Women & Co.
One reason consumers may continue to feel negative about their economic futures is because they are still struggling with high bill payments, including those for credit cards.
However, debt consolidation may provide some relief, as it can lead to lower interest rates.
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