Smart Money Docs

Helping doctors learn to be wise and wealthy.

US Consumer Confidence at ALL TIME LOW

Posted by Brett Blake on June 25, 2008

Wonder why it is getting more difficult to generate the same starts you’ve seen in previous years?  Today’s press release from The Conference Board may shed some light on why:

Says Lynn Franco, Director of The Conference Board Consumer Research Center: “This month’s Consumer Confidence Index is the fifth lowest reading ever. Consumers’ assessment of present-day conditions continues to grow more negative and suggests the economy remains stuck in low gear. Looking ahead, consumers’ economic outlook is so bleak that the Expectations Index has reached a new all-time low. Perhaps the silver lining to this otherwise dismal report is that Consumer Confidence may be nearing a bottom.” [Read the entire release here...]

Now is not the time to fly blindly.  Patients will need better financing options if you are going to keep your starts, and your options can’t be made without knowing your risk.  Now is the time to spend a little money to pull a credit report and to assess the patient’s credit worthiness.

Be Smart!
B2

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