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American Consumers Remain Worried About Economy

December 8, 2014: 12:00 AM EST
In the United States, 39 percent of consumers said they are “still worried about losing their jobs” as of December 2014, according to market research firm McKinsey. Results of the survey conducted by the company showed 40 percent of consumers are living paycheck to paycheck, compared with 31 percent in 2012. Families earning less than $75,000 per year are adjusting how they spend money to make ends meet, with about 40 percent of these households “cutting back and delaying purchases,” compared with 22 percent for households with annual earnings of at least $150,000. Consumers from all income levels have yet to regain their pre-recession optimism about the American economy, with only 23 percent saying they are optimistic, compared with 27 percent when the recession began in 2009.
"America the frugal: US Consumer Sentiment Survey", McKinsey & Company, December 08, 2014, © McKinsey & Company
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