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Consumers not confident about the economy, though they do seem to trust themselves with debt managementAccording to the survey from Chase Card Services, only 39 percent of respondents said they felt as though the country's economy is making an advance toward improvement. Furthermore, 54 percent said they believe it is not improving, while 35 percent felt it was going to get worse. Feelings about the overall economy, however, were juxtaposed to how consumers felt about their own financial situations. Of respondents, 57 percent said they felt as though they were on the upswing when it comes to improving their personal finances. The survey also showed that 72 percent of respondents felt they trust themselves most when it comes to how to handle their finances. However, the poll also showed that 68 percent of those surveyed said they would find positives in discovering better methods in handling their money. "We know that while most trust their own judgment, they also recognize the need for better ways to help them achieve their goals," Stephanie Jacobson, of Chase Card Services, said. While many consumers feel confident about knowing how to handle their own funds, 52 percent of respondents still said they feel as though they are not in total control when it comes to their finances. However, some consumers are making strides in trying to achieve some debt relief. Recent numbers from the Federal Reserve Board show that revolving consumer credit fell at an annual rate of 18.5 percent in November, as people continue to try and pay off their credit card debt and get a better handle on their financial lives.
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