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The June consumer confidence findings from market research agency, British Market Research Bureau reveals:
Financial security
The June results indicate that just 1 in 10 adults aged 16-64 feel financially secure. 42% say they do to a degree and just under half (47%) feel that they do not really/definitely do not feel secure. This is consistent with previous months.
Job security
Job security also remains consistent with previous month. A fifth of employees feel insecure in their employment; they will either definitely not or probably not have the same job in a year?s time.
Housing Market
A quarter of adults aged 16-64 are likely to either move home or start the process of moving home/buying home in the next 3 years. This figure remains the same as last month. Just under two-fifths of respondents aged 16-34 expect to move.
Expectation of house value has increased dramatically this month. Just under a half of respondents (47%) expect their house to rise in value over the next 12 months. This is a big rise from 31% of adults in May. In October 2008 just over half (53%) of respondents expected their house value to drop over the next year. This has dropped to under a fifth (17%) expecting their house value to decrease.
Recent cutbacks
The May results show that 75% of adults have cut back on purchases recently due to the current economic climate. As with last month, women (79%) are more likely to have made cut backs than men (72%).
Respondents in London are more likely than respondents living in other regions to have made cut backs this month, with 87% of them saying they have cut back recently.
Expenditure on basic necessities
Three-fifths of adults said they expenditure on basic necessities has increased over the past 3 months.
Likely future expenditure
39% of all respondents will 'definitely not' be spending £3000 or more on a single item of expenditure in the next 12 months.
Likelihood of £3000+ expenditure in the next 12 months has remained consistent to last month, with a fifth expecting to make such a purchase.
In October just under two-fifths (38%) expected this level of expenditure.
First thing to cut back on if the financial situation worsened
30% of all respondents would cut back on holidays if the economic climate deteriorates further and a further 30% said they would cut back on eating/going out.
UK - June 2009
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