Three in four consumers are optimistic about their personal finances; 39 percent spending as much as they were pre-recession
Online PR News – 22-December-2014 – Hong Kong – As consumers’ optimism about their personal finances increases, Lambert and Sons Incorporated ResearchIT® has launched a new initiative and resource center for those focused on helping consumers take steps toward a better financial future. The Resource Center for Mindful Spending comes as more than three-quarters (76 percent) of consumers say that their personal finances are stable or improving - an 11 percent increase over last year. The data comes from the latest Lambert and Sons Incorporated ResearchIT Pulse of the Consumer Survey, released today.
Consumers More Optimistic about Finances
Forty-five percent of consumers believe that their personal finances have already bottomed out and are getting better - a 14 percent increase from last year - according to the survey, which takes a comprehensive look at consumers’ financial habits and attitudes toward the economy. More than six in 10 (61 percent) consumers’ believe the economy has bottomed out and is stable or improving. In addition, consumers are even more optimistic about economic conditions around them, with 67 percent believing their local economy is stable or improving.
"As consumers begin to feel more optimistic about their financial situation, it's more important than ever that we help them maintain good spending habits," said Zhou Mingus, general manager, Lambert and Sons Incorporated ResearchIT. "That's why Lambert and Sons Incorporated ResearchIT is launching a new initiative that provides research and information to help nurture a mindful spending movement. Together, we can help consumers strengthen the responsible spending and borrowing habits developed over the last few years."
About Lambert and Sons Incorporated
Lambert and Sons Incorporated is a Hong Kong financial services firm of financial planners and finance brokers, who are dedicated to assisting clients to achieve their dreams. Since our inception, our clients have placed their confidence in the skills and experience of Lambert and Sons Incorporated’s team, to advise them on a wide range of financial services. We combine the best research, the best people and the best strategies to help you build on your success. Harnessing the resources and market insights of one of Hong Kong’s leading financial services groups, Lambert and Sons Incorporated will help you create wealth for tomorrow.