This Day On The Street
Continue to site
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

New Citi Survey Shows That More Americans Say They Are Increasing – And Fewer Decreasing – Holiday Spending In 2013

Nonetheless, for 37 percent of Americans, up from 30 percent in August 2012, discomfort with their current level of debt weighs on their overall economic sentiment. Another 48 percent of Americans reported discomfort with their current level of savings for college, retirement, or a rainy day, further depressing an otherwise brighter economic perspective.

Outlook among Lower Income Households Remains Negative

Lower income Americans’ sentiment declined this quarter, but remains far more upbeat than in recent years. The Citi Economic Pulse is -18 among those earning under $30,000, 2 points lower than in June 2013, but substantially better than when it sunk to -29 at the depths of the downturn in August 2011. For families earning $30,000 to $50,000, the Pulse dropped to -5, down 8 points from June 2013, but substantially higher than -24 in August 2011.

Debt and savings levels similarly weigh heavily on the minds of lower income families. Only 33 percent of families earning under $30,000 say they are somewhat or very comfortable with their level of savings (down from 40 percent in June), while 43 percent of families earning $30,000 to $50,000 say they are comfortable (down from 55 percent in June). Similarly, just 51 percent of families with incomes under $30,000 report feeling comfortable with their current levels of debt (down from 55 percent in June), while comfort with debt among those earning $30,000 to $50,000 has dropped to 57 percent (down from 67 percent in June).

Gift Wish List from a Wealthy Secret Santa

Even in their imaginations, Americans are focused on mitigating their discomfort with their savings and debt levels and are practical about their dreams. When asked what they may want from a very wealthy Secret Santa, lavish gifts such as jewelry, a new wardrobe, plastic surgery, or a new car, fell to the bottom of list while more practical choices rose to the top. Americans said they would want a house or new place to live (23 percent) or have their credit card bills paid off (19 percent). The next most popular response, a vacation, came in at 15 percent.

2 of 5

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
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $95.03 -2.90%
FB $116.73 7.20%
GOOG $691.02 -2.10%
TSLA $247.54 -1.60%
YHOO $36.59 -0.97%


Chart of I:DJI
DOW 17,830.76 -210.79 -1.17%
S&P 500 2,075.81 -19.34 -0.92%
NASDAQ 4,805.2910 -57.85 -1.19%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs