Tennesseans more confident about economy, but not ready to spend

Mar 17, 2017

  MURFREESBORO, Tenn. (WMOT)  --  Some surprising findings were reported in the latest  Tennessee Consumer Outlook Index out Wednesday.

 

Middle Tennessee State surveyed 615 randomly chosen residents statewide for the quarterly survey in early March. The report shows Tennessee consumers are increasingly optimistic about both the current economy and future prospects.

 

But that confidence does not appear to be translating into plans to spend more money. Instead, survey director Tim Graeff says the survey suggests Tennesseans plan to sock money away in savings.

 

"They're setting the stage for a much more stable and better personal financial situation, so that in the future they will be able to spend more and won't have to go into debt as much."

 You can find the complete consumer outlook survey here.