FinancialAdvice.co.uk Logo

Qualified advisers answering your
Financial Questions
call 0800 092 1245

Consumer confidence 'on the decline'

Consumer confidence has fallen significantly over the past quarter, Standard Life's Savings & Investment Index has shown.A score of 11 in October 2007 fell to just three in January 2008 - both figures well down on October 2006's high of 23.Poll respondents were asked on whether or not they would like to invest their money in a variety of sectors in order to compile the index.Director at Standard Life Allison Crawford said: "This latest research sits against the backdrop of recent turmoil in the market and clearly reflects the uncertainty in people's minds around their savings for the future."It's important that people don't lose their nerve because of the current market volatility."The tentative mood of consumers was further revealed by the high popularity of so-called 'risk-free' investments.Cash ISAs were seen as a good investment by 86 per cent of people.

Share this..

Related stories

Financial Guides

Financial Calculators

Our useful calculators can help you get your finances in order:



Latest News

Blogs

Helpful new tax year facts that could affect you and your money


Blog | Seven helpful new 2016/2017 tax year facts that could affect you and your money. Our recent online blog shares a brief outline on how to stay up to date.


Read more

Useful Links

Popular Searches

Please Enter More Details

 
Enter More Details
Continue