debtconsolidationconnection.com
501 (c)(3) non-profit Organization
Free Consultation
Debt management may help with consumers feeling less confident
By Sam Craine on Jun 14th, 2010
When it comes to how they feel about their personal finances, the number of Americans who seemed positive declined in May, according to a recent report from Gallup.
The fifth month of the year saw the number of U.S. residents feeling better fall to 50 percent, after hitting 54 percent in April. According to the polling firm, consumer's were feeling better in April because of pursuing efforts to get out of debt and handle their personal finances.
However, troubles in the European financial markets led to stocks dropping in May, while the oil spill in the Gulf of Mexico may have added to worries.
"Regardless, it appears that Americans' financial well-being is waning somewhat this summer, which is not good news for the U.S. economy," Gallup chief economist Dennis Jacobe wrote.
Credit card debt may be another issue that is bothering American consumers, as 21 percent of those polled they felt they had spent too much in the past in general.
However, some people may have an option to deal with their past spending by turning to a debt management plan, which might help by lowering the amount a person ends up paying on their bills.
More Debt Management News
