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Consumer confidence dips with age

first_imgSunday 15 August 2010 10:17 pm Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofThe Truth About Bottled Water – Get the Facts on Drinking Bottled WaterGayot whatsapp KCS-content whatsapp Tags: NULL Consumer confidence dips with age Show Comments ▼ Share RESEARCH has shown a yawning gap in the effect of the recent austerity Budget on confidence levels among young and old people.PricewaterhouseCoopers (PwC) found 30 per cent of 18-24 year-olds think they will be better off in 12 months’ time. Confidence then dips on a declining scale, turning negative among 35-44 year-olds and bottoming out in the 55-64 age bracket, where 47 per cent of people believe they will be worse off in a year’s time.Inge Cajot, a director at PwC, said: “Ironically, the medium term fundamentals point in the opposite direction. “Younger consumers continue to be optimistic about their future disposable income but in reality it is under increasing pressure due to rising unemployment, lower pay rises and potentially higher student fees to face.” last_img read more

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