Investing
Another Measure Of Economic Confidences Hits A Top
Published:
Last Updated:
The Conference Board Consumer Confidence Index reached 60.6 this month, which was better than expected.
The positive signal was mirrored by data from a recent Gallup poll.
“Gallup’s Economic Confidence Index improved to an average of -21 in Gallup Daily tracking so far in January, up from -28 in December. If these optimism levels continue through the end of the month, January 2011 will have the most positive economic confidence score since Gallup began daily measurement in January 2008.”
It remains hard to fathom what consumers see in the future that could possibly be so bright. Housing prices dropped again in most major markets in November according to the S&P/Case-Shiller data. Most joblessness indicators show that hiring may move up a very modest amount in the first quarter. But, layoffs of government employees could be great enough to drive overall unemployment higher.
Hope springs eternal.
Douglas A. McIntyre
The Average American Is Losing Their Savings Every Day (Sponsor)
If you’re like many Americans and keep your money ‘safe’ in a checking or savings account, think again. The average yield on a savings account is a paltry .4% today, and inflation is much higher. Checking accounts are even worse.
Every day you don’t move to a high-yield savings account that beats inflation, you lose more and more value.
But there is good news. To win qualified customers, some accounts are paying 9-10x this national average. That’s an incredible way to keep your money safe, and get paid at the same time. Our top pick for high yield savings accounts includes other one time cash bonuses, and is FDIC insured.
Click here to see how much more you could be earning on your savings today. It takes just a few minutes and your money could be working for you.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
