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A recent loss of momentum in the U.S. economy has consumers less confident in their financial futures. Should an unexpected expense arise in the coming months, and you don’t have the available funds, you may be able to use bad credit payday loan to cover it . Only 36 percent of Americans currently think the economy is on the right track, with many stating it will continue in this trajectory during the next year, according to a recent survey conducted by Fannie Mae. However, there has been some positive sent

However, this activity may be stifled by uncertain expectations regarding the future of consumers’ personal finances. Specifically, in June it was found that 42 percent of respondents anticipate their financial situations to remain unchanged during the next 12 months. This was a decline of four percentage points from May when 46 percent of consumers had similar feelings.

Meanwhile, 18 percent of households revealed that their incomes have remained stagnant during the past 12 months. This was a also a decline of 4 percentage points from the previous month. While many families are still making the same amount of money, a majority claim their expenses have remained high during the past year, the report said.

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