Richard Curtin
Richard Curtin
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Consumers have found it especially difficult to cope during the winter months with both higher home heating bills as well as higher gasoline costs.
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Consumers have become increasingly pessimistic about their future income and job prospects, and as a result will continue to slow the pace of their spending during months ahead.
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If the economy produces jobs at a more rapid rate in the months ahead, these apprehensions of consumers could quickly fade.