Consumer and investor confidence dwindling as recession looms

Released on: March 23, 2008, 11:56 pm

Press Release Author: Anaya

Industry: Financial

Press Release Summary: Recession and slowing down of the economy has affected the
morale of the investors and general public badly.

Press Release Body: London (Longdogfinance) March 24, 2008: Investors and the
general public believe a recession is the worst threat to their financial well-being
and forces them to save more and spend less.

According to a latest survey conducted by the Association of Investment Companies
(AIC) more than a third of active investors believe a recession is the most
potential threat, while 26 percent are seriously concerned about a stock market
crash.

The general public mirrors that sentiment, with one in five saying the financial
fear for the next six months is a recession, while 17 percent expressed worry about
an interest rate rise. As a result, 26 percent of active investors and 28 percent of
the public are reeling in spending and saving more to protect them from an economic
lean period.

Almost three quarters of investors and more than half of the general population say
the credit crunch has not changed their spending or saving habits drastically. 70
percent of the general public does not have any plan to use their individual savings
account allowance this year.

The majority of investors, meanwhile, plan to increase their stock holdings in the
coming months because they suppose that market volatility has offered buying
opportunities. Around 16 percent of them plan to reduce holdings; about a third of
whom would do so in the event of a recession.

For additional information on the news that is the subject of this release (or for a
sample, copy or demo), contact Webmaster or visit http://www.longdogfinance.co.uk/


Web Site: http://www.longdogfinance.co.uk/

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