One fifth of people now believe job prospects in Great Britain will be ‘good’ or ‘excellent’ over the next twelve months. However, while concerns about the economy and job security are easing, concerns over debt and work/life balance are increasing. There is evidence to suggest that lifestyles and habits have changed for many people, with 70% claiming that they have changed their spending in order to save on household cost.
One fifth of people now believe job prospects in Great Britain will be ‘good’ or ‘excellent’ over the next twelve months. The latest Consumer Confidence Index, released by market research company Nielsen and the British Retail Consortium, shows an increase to 75 – a ten point gain on the all-time low of 65 in April.
While it is still weak compared with the figures two years ago, it reflects slightly more people feeling positive about job prospects and their own finances. Justin Sargent, managing director at Nielsen, said that when confidence picked up between April and June there was a tangible change in the UK’s mood.
While concerns about the economy and job security are easing, concerns over debt and work/life balance are increasing. Debt is currently the biggest worry for 15% of people, up from 10% a year ago. And, as the pressure over job prospects remains very real and people in employment work harder, there has been a big increase in the number of people feeling that their work/life balance is their biggest concern (from 4% in October 2008 to 9% in October 2009).
There is evidence to suggest that lifestyles and habits have changed for many people, with 70% claiming that they have changed their spending in order to save on household cost.
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