Consumer confidence falling, according to ABI

Research from the ABI reveals job security fears

Some 31% of consumers expect the economy to worsen in 2010, according to research published today by the Association of British Insurers.

The association said that optimism over the economic prospects for 2010 fell significantly, as worries over job security increased.

The ABI's Savings and Protection survey for the fourth quarter of 2009 questioned 2,500 adults on their views on the economy, and how it affected their attitudes to saving and protection.

Only 39% were optimistic about the economy

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