Despite an improved employment picture, consumers faced increased economic difficulties in their lives, according to the Consumer Reports index for April.
"This month we have the first real sign that we may be seeing the beginning of a meaningful consumer recovery with job creation outpacing losses in the past 30-days. It is going to take many months of employment gains to get the 14.9 million unemployed Americans back to work" said Ed Farrell, a director of the Consumer Reports National Research Center. "Sentiment is going to remain soft as Americans are still being buffeted by economic difficulties, particularly affording healthcare, and keeping pace with debts and credit."
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