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

2018 financial reporting survey: Challenges and trends

Learn the top reporting challenges that emerged in a survey of more than 800 finance, accounting, and compliance professionals across the world, and compare them with your organization's obstacles.

PODCAST

How the skill set for today’s CFO is changing

Scott Simmons, a search expert for large-company CFOs, gives advice for the next generation of finance leaders and more, including which universities are regularly producing future CEOs and CFOs.