Study Reveals Politics and Finance Affect Consumer Confidence

Feeling encouraged to save after hearing about the latest rate hike?

A new study has found that the world of politics and the economy have poor consumer confidence and it reflects on how we use our money. It can influence us to save rather than spend, or hold off on buying a new house for now.

Kevin Suarez spoke with Rod Attrill, General Manager of Banking at Compare The Market, and asked him what kinds of events this year have led to the current climate of poor consumer confidence.