Table of Contents
Key Findings
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- A pause for breath in the revival of consumer confidence
- The middle age groups are still the most concerned about their finances
- Key economic indicators
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- Figure 1: Key economic indicators, July 2014
Current Financial Situation
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- Consumer sentiment averages a new high
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- Figure 2: “How would you generally describe your financial situation at the moment?”, June 2014
- A positive outlook for those on the property ladder
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- Figure 3: Financial health index, 2009-14
- The squeezed middle (aged)
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- Figure 4: “How would you generally describe your financial situation at the moment?”, by age, June 2014
Impact of the Slowdown
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- The impact of the slowdown slows down
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- Figure 5: “How much impact has the slowdown had on your own financial situation?”, June 2014
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- Figure 6: Slowdown impact index, 2009-14
- Young and old alike remain most positive
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- Figure 7: “How much impact has the slowdown had on your own financial situation?”, by age, June 2014
Financial Confidence
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- A brighter future is on the horizon
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- Figure 8: “And how do you feel about your financial situation over the next year or so?”, June 2014
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- Figure 9: Financial confidence index, 2009-14
- The impact of age on financial confidence
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- Figure 10: “And how do you feel about your financial situation over the next year or so?”, by age, June 2014
Spending Plans
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- Previous and planned spending on the decline
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- Figure 11: “Thinking about how you spend your money, which of the following have you done over the last three months? And which do you plan to do over the next three months?”, June 2014
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- Figure 12: Spending index, 2012-2014
- The age factor
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- Figure 13: Spending index, by age, June 2014
What it Means
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- House prices continue to shape consumer confidence…
- …but the income squeeze will continue to hold back confidence
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