Pessimists should cheer themselves with car insurance offers
Wed, 11 Jan 2006
The start of 2006 has seen many consumers remaining pessimistic about their financial future for the next 12 months but shopping around for car insurance could bring some welcome cheer.
The latest Nationwide Consumer Confidence Index fell by five points in December, with the greatest fall in the spending confidence index - dropping by 18 points.
In particular, consumers have raised concerns that house prices are set to rise as well as delaying the purchase of big ticket items such as white goods. However, saving money on annual car insurance premiums could help to cover the cost of other outgoings.
"The gloomy view among consumers is perhaps not surprising given that over the last 12 months GDP has almost halved, it also suggests that as we approached the year end people may have re-appraised their situation and become more realistic about the future," said Stuart Bernau, Nationwide’s executive director.
He added: "However, with the speculation of a fall in interest rates and recent figures showing that the appetite for new debt has fallen to its lowest level for 11 years we may begin to see a slight shift in consumers’ attitudes." 
© Adfero Ltd
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