COLUMBUS, Ohio — When it comes to who has the most concerns about the nation's current economic condition, women are more pessimistic than men.
According to its June Consumer Intentions & Actions survey from BIGresearch, a market intelligence firm, women are least confident in the economy over the next six months followed by consumers with incomes below $50,000. Men are most confident, the survey found. A little over 32% of all women respondents plan on decreasing spending over the next three months and 32.9% of consumers with incomes over $50,000 said the same.
Shopping trips are also being impacted by higher gas prices as 41.9% of consumers say they are taking fewer trips and 40.1% are shopping closer to home. Future purchase intentions for durables such as computers, furniture, appliances, home improvements, TV's, digital cameras, and housing all are up from May's survey indicating consumers may have some pent up spending to do in the third and fourth quarter of the year, according to BIGresearch.
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