After plummeting to the lowest level in nearly two years, consumer confidence appears to be on the rise, according to the latest Consumer Reports Index. However, the lack of jobs is still a significant concern.
"Weak employment growth is the number one issue facing Americans, said Ed Farrell, director of the National Research Center at Consumer Reports. "Continued improvement in sentiment and sustained declines in financial difficulties faced by consumers, hinges on getting Americans back to work."
He added that while the economy is losing more jobs than it is creating, sentiment overall is moving in the right direction.
At 48.8, the index in September rose considerably compared to August, when sentiment stood at 43.4. The figure is a numerical representation of whether people believe they are better off financially compared to one year ago.
Although people are becoming more confident about their finances, many may have errors or issues with their credit reports that are inhibiting them from holding the credit status they deserve. A credit repair company may be able to apply the proper corrections.