A Mostly Optimistic Outlook


NUMEROLOGY

majority of U.S. consumers think things are looking up for 2006. The Experian-Gallup Personal Credit Index says fully 68% are optimistic about their financial situation this year, including 30% who are “very” optimistic.

Americans have a variety of reasons for thinking 2006 will be a good year:

57% of those who are employed expect to earn more money in 2006 than they did in 2005. Only 6% expect a decline in pay.

30% of workers anticipate a promotion in the coming year.

50% of consumers plan to make home improvements in 2006.

38% anticipate paying off their debt.

36% hope to earn a higher credit score.

21% plan to buy a new car.

19% will go back to school.

But all of the news isn’t good. Some 14% of consumers who have a credit card pay only the minimum amount each month, up from 7% last year. And 26% say they are uncomfortable with their current debt level, which averages $4,072.

SPONSORED REPORT

2019 State of Financial Reporting Survey

We surveyed nearly 600 finance and accounting professionals on their month-end close and reporting processes. See the results.

VIDEO

What RPA is and how it works

Robotic process automation is like an Excel macro that can work on multiple applications, says Danielle Supkis Cheek, CPA. RPA can complete routine, repetitive tasks such as data entry, freeing up employee time from lower-level chores.