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	<title>The Life Insurance Review &#187; Financial Industry</title>
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		<title>Consumer Confidence Hits 26 Year low</title>
		<link>http://thelifeinsurancereview.com/news/consumer-confidence-hits-26-year-low/</link>
		<comments>http://thelifeinsurancereview.com/news/consumer-confidence-hits-26-year-low/#comments</comments>
		<pubDate>Sat, 25 Jul 2009 14:26:22 +0000</pubDate>
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		<category><![CDATA[Financial Industry]]></category>
		<category><![CDATA[Forecasts]]></category>
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		<description><![CDATA[As expected, the confidence of consumers has hit the lowest ever in 26 years which is not good and a good indicator of worsening economic conditions. The coming tax rebates are to be put into payments for debts and savings as food and fuel prices hit all time highs which also makes the entry of [...]]]></description>
			<content:encoded><![CDATA[<p><a href='http://thelifeinsurancereview.com/wp-content/uploads/2008/04/gloom.jpg' title='gloom.jpg'><img src='http://thelifeinsurancereview.com/wp-content/uploads/2008/04/gloom.thumbnail.jpg' alt='gloom.jpg' /></a>As expected, the confidence of consumers has hit the lowest ever in 26 years which is not good and a good indicator of worsening economic conditions. The coming tax rebates are to be put into payments for debts and savings as food and fuel prices hit all time highs which also makes the entry of a full blown recession a reality. Analysts have long been saying the country is already in recession but many still fail to accept the fact that it is still going to get worse. The worsening economy will affect most Americans who fall in the middle to lower levels and the government&#8217;s efforts to help ease the pain are only proving to be temporary but necessary.</p>
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