{"id":8776,"date":"2016-05-12T09:04:02","date_gmt":"2016-05-12T09:04:02","guid":{"rendered":"http:\/\/www.openbusinesscouncil.org\/?p=1873"},"modified":"2022-05-04T21:38:25","modified_gmt":"2022-05-04T21:38:25","slug":"equifax-consumer-confidence-index-reveals-dip-in-financial-confidence","status":"publish","type":"post","link":"https:\/\/www.footballthink.com\/equifax-consumer-confidence-index-reveals-dip-in-financial-confidence\/","title":{"rendered":"Equifax Consumer Confidence Index Reveals Dip in Financial Confidence"},"content":{"rendered":"
<\/a><\/p>\n Consumers struggling to save, leaving them vulnerable to\u00a0unexpected bills<\/b><\/p>\n According to new data* from Equifax, the number of consumers feeling very confident about the finances dipped to 41% in March 2016, down from 45% in February and 42% in January. The new YouGov research, which the credit information provider will be conducting throughout 2016, also reveals that consumers are saving less.<\/p>\n <\/a><\/p>\n Equifax has committed to conducting the YouGov research throughout the year to monitor trends in financial confidence as well as attitudes to savings. The first Quarterly Report reveals that the year started off with 42% of individuals feeling that on a scale of 0 to 10, they were \u201c10 – very confident\u201d about their financial commitments. In February this had risen to 45% but in March consumers felt a bit more uncertain, with just 41% saying they were very confident about being able to afford their monthly commitments. However, consumer financial confidence in the first three months of 2016 appears stronger than in 2015, with only 35% of those surveyed by YouGov saying they felt very confident about their financial commitments six months ago.<\/p>\n