This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Citi Economic Pulse Survey: Californians Enjoy A Shift In Financial Mindset; More Than Half Comfortable With Personal Savings And Debt Levels

Among the key findings:

  • 16 percent of Californians rate the current economy as excellent or good, a five-point increase from the 11 percent who said the same one year ago.
  • 70 percent of unemployed Californians are optimistic that their own future will improve, saying they think things will get better in 2013.
  • Almost half (47 percent) of retirees say they are optimistic that their own situation will improve.
  • Despite the pay gap, Californians are in agreement, as 66 percent of those making less than $30,000 annually and the same proportion of those making more than $100,000 express optimism that their own situation will improve in the coming year.

When asked about New Year’s financial resolutions, Californians have plans that include: saving more money (24 percent), earning more money (19 percent), and having less debt (15 percent).

“These results show that Californians are turning a corner and moving forward,” said Macieira-Kaufmann. “It’s encouraging to see optimism on the rise.”

About the Survey

The Citi Economic pulse survey interviewed 1225 Californians from November 13 th to November 16 th, 2012. The statistical margin of sampling error is = ±2.80 percentage points for statewide results and is higher for subgroups and specific regions of the state.

About the Citi Economic Pulse in California

The Citi Economic Pulse in California is calculated by subtracting negative responses to each item from the positive responses for all 8 index items. The Index scale can range from +100 (if every respondent gave positive response to each of the 8 questions) to -100 (if all respondents expressed consistently negative views).

Citi, the leading global financial services company, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management. Additional information may be found at www.citigroup.com.

Additional information may be found at www.citigroup.com | Twitter: @Citi | YouTube: www.youtube.com/citi | Blog: http://new.citi.com | Facebook: www.facebook.com/citi | LinkedIn: www.linkedin.com/company/citi



2 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

DOW 18,232.02 -53.72 -0.29%
S&P 500 2,126.06 -4.76 -0.22%
NASDAQ 5,089.3620 -1.4320 -0.03%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs