The Consumer Desperation Index retreated in January to a value of 88. January saw a slight reduction to the Desperation Index score. The index will tend to lower in the 1st Quarter as tax refund checks assist desperate people’s ability to pay their bills without resorting to fraud. However, that doesn’t mean fraud is non-existent. …
Read More
Happy New Year! Desperation Index Continues to Decline. 0
The Consumer Desperation Index retreated in December to a value of 90. December continued the trend of the Desperation Index falling. A score of “90” aligns with 1 out of every 35 checks presented at Chexar-serviced locations being problematic, so even at a “90”, the number is still troublesome. With such a high level of …
Read MoreIs the Christmas Spirit Appearing? 1
The Consumer Desperation Index retreated in November to a value of 103. After a growing level of desperation over the summer months, November continues the downward trend, now only 3% above March levels. Is the economy turning? Are seasonal jobs filling the desperation gap? Time will tell, but in the meantime, we are still seeing …
Read MoreConsumer Desperation Index for October 2010 0
The Consumer Desperation Index retreated in October to a value of 120 from a peak of 132 in September. October’s level of 120 is down from September but still up 20% from our starting month of March 2010. The recent downward trend is encouraging and perhaps expected as seasonal hiring in retail may have brought …
Read MoreConsumer Desperation Index 0
People are desperate. We see it every day here at Chexar Networks. We validate checks at thousands of locations in over 37 states for all types of retail locations. Here is a scary figure. One out of every 30 checks people are trying to cash at our client’s locations turn out to be invalid or …
Read More
