Consumer and Business Confidence Slip In Nebraska

Consumer and Business Confidence Slip In Nebraska

Consumer and business confidence both fall in Nebraska in the latest University of Nebraska Lincoln Bureau of Business Research monthly survey.  Director Eric Thompson tells KLIN News that decline in confidence  is a concern.  He says that if confirmed in subsequent months, the downward trend suggests that the Nebraska economy is losing momentum.

Thompson says the cost of health care and the level of savings are the most common concerns of Nebraska households…while businesses are most concerned about customer demand and work force challenges.

Thompson says the Nebraska agriculture industry continues to face challenges.  He adds that the health care sector is also expressing concerns over reimbursements and payments and weaker demands from patients, who are facing higher co-pays and deductibles from their private insurance.

Thompson says that more surveyed households worry about their level of income and wages and with with more people talking about retirement as baby boomers reach retirement age, they are hearing more concern about whether people have an adequate level of savings.