A recent CNN Money survey of economists says the economic growth rate slowed during the first quarter of 2011, to 2 percent. This new prediction comes only three weeks after experts forecasted a 2.7 percent growth rate.
Although the survey found economists expect low totals during the first three months of the year, they do predict the economy's growth pace to reach 3.1 percent by the end of the year.
With many consumers already seeing signs of economic improvement, some may be making changes to their spending habits, discarding their pre-recessionary strategies for less conservative approaches.
This may mean some individuals may go back to taking on large amounts of credit card debt, which may cause them to endure credit damage if they cannot keep up with their payments.
Rather than trashing helpful money-saving strategies they picked up during the economic downturn, consumers may want to continue saving and paying down their debt in order to keep their finances healthy.
They may also benefit from reviewing their credit reports to ensure their information is accurate and up to date. Consumers who find any credit reporting errors may want to contact a credit lawyer to help them file a dispute; otherwise, they may see their score drop unnecessarily.