FYI

Nearly seven of 10 consumers say high gas prices are having a significant impact on their budgets

-- Casual Living, 6/1/2008 12:00:00 AM

Briefly.....

Nearly seven of 10 consumers say high gas prices are having a significant impact on their budgets, according to the latest American Pulse Survey. Consolation prize goes to retailers with Web sites providing the ability to purchase online. For those who are shopping, 33% of online U.S. adults are choosing to shop online rather than in physical stores due to high gas prices, according to a recent iCongo survey. Other reasons include: free shipping, lower prices and the freedom to shop at any time.

With fewer people planning to spend tax rebate checks on big ticket items such as furniture (2.7 million vs. 4.0 million in February), per a National Retail Federation Tax Rebate survey conducted in May, the Internet may be retailers’ “stimulus” package.

Unemployment
Seasonally adjusted annual rate

Consumer credit outstanding
Percent change at annual rate
Seasonally adjusted

Covers most short- and intermediate-term credit extended to individuals, excluding loans secured by real estate.

Nonrevolving credit includes automobile loans and all other loans not included in revolving credit, such as loans for mobile homes, education, boats, trailers or vacations. These loans may be secured or unsecured.

Source: Federal Reserve

Housing Unit
Numbers in thousands
Seasonally adjusted annual rate