June 26, 2009 Consumers remain pessimistic

This week’s poll results examine how respondents view their current financial situation and the near term future. The poll was not scientific and was driven by radio listeners of the syndicated Don Creech Radio Show and subscribers to its “Week in Review” email. Listen or subscribe at www.DonCreech.com.  

 

Nearly three quarters of respondents indicated their credit balances are continuing to increase during this recession. Home equity lines of credit kept our economy moving after the tech bubble burst in 2000. While some banks have withdrawn or reduced available credit, it is not completely gone. However, when viewed collectively, the respondents remain fairly pessimistic for the near term.