Consumers Feeling More Financially Confident Than One Year Ago

Credit card purchase

Consumers felt nearly 8% more confident about their financial outlook in November than they did one year ago, according to the latest WalletHub Economic Index, released in early December.

The WalletHub Economic Index is a monthly survey that evaluates economic prospects based on 10 components of consumer sentiment. These components revolve around how people feel about their finances, purchasing plans, and employment opportunities.

Key findings include the following positive outlooks:

  • Large purchases are a priority: In November 2023, consumers were 18% more likely to make a purchase in the next six months than they were at the same time last year.
  • Real estate popularity rises: Home-buying interest among consumers increased substantially by nearly 15% in November 2023 compared to last year.
  • Increase in debt-reduction confidence: The share of consumers who expected to have less debt in six months was 3.5% higher in November 2023 compared to last year.
  • Higher sense of job security: People’s confidence in having a job in the next six months was  2.6% higher in November 2023 compared to last year.

On the more negative side, the index found that, while consumers were feeling more confident about their finances, their stress levels regarding money were 8% higher in November 2023 compared to the same period in 2022.

To learn more, click here.

Cleanfax Staff

Cleanfax provides cleaning and restoration professionals with information designed to help them manage and grow their businesses.

Follow Cleanfax Staff

Related Posts

Share This Article

Join Our Newsletter

Expert Videos

Popular Content

CoreLogic Straighttalk 800

Efficiency Meets Innovation: CoreLogic Revolutionizes Water Damage Restoration With Mitigate


ServiceMonster: All-in-One Client and Job Management Platform Built for Carpet and Floor Cleaners

Masters in Restoration Pricing & Documentation

Masters in Restoration Pricing & Documentation: How to Turbocharge Your Restoration Project Strategies

Erin Hynum

Revolutionizing Restoration: Introducing the DryMAX XL Pro Dehumidifier


CoreLogic: Spearheading Innovation and Technology in the Restoration Industry


Has the increase in remote work made booking residential cleaning appointments easier than before the COVID-19 pandemic?

View Results

Loading ... Loading ...