Feeling glum lately? You’re not alone. According to a University of Michigan study, Americans and Europeans are experiencing historically low levels of happiness and well-being. A vast majority of Americans feel like their country is on the wrong track, and Europeans are having their collective joie de vivre sapped with ballooning energy cost inflation. And all of this is happening against the backdrop of a relatively healthy job market. In the US, unemployment stands at a scant 3.6%, essentially the pre-pandemic level.
So why the long faces all over the world? There’s certainly a hangover from the pandemic; but that’s getting old. The normal regional wars, political division, and crime – that is always around somewhere. And then there is the price of gas; each fill up today cost-wise is like buying a tank of gas plus large pizza, but without the satisfaction of eating the pizza.
Who knows what it is, but with all this said, something surely is pulling down US consumer sentiment. It is as low as low can be despite a relatively high savings rate among Americans.
US Consumer Sentiment (1955-Present)
Perhaps what is shocking is just how low it is compared to other historically bad times in American history. Yes, consumer sentiment is worse now than it was during Vietnam, Watergate, the stagflation era, 9/11, the Great Recession, the early-stage pandemic, the oil crises (all of them), and the breakup of the Beatles. (Conversely, consumer sentiment seemed to reach its historic peak around the time our company was founded at the turn of the millennium. Correlation or causation, I wonder…)
To delve into the reasoning behind this would be the billion-dollar question to which I don’t have the answer. Such negative sentiment is so powerful that it could drag us all into a recession even when many economic indicators are quite healthy.
So, it seems like it’s time to get very serious about cost savings. One easy target? Get rid of the glum rationing of e-sign licenses and bring in the cheer of HUGE savings. Imagine giving your whole organization access to e-sign while saving 67% of your e-sign costs and getting customer service and training on par or better than what you currently have.
It’s all possible with RSign, the only global electronic signature platform designed with a (more) affordable, flexible pricing model that adapts to businesses from all industries, sizes, and regions, and at the same time is feature-rich, easy to use, and friendlier to work with. RSign is the only global e-signature platform built on 20 years of leadership in email security and compliance, and it is built to meet even your most obscure requirements.
And, here’s some more well-needed cheer: RSign makes the migration process effortless with its managed migration service and ready-at-a-click integrations into Office 365, iManage, NetDocuments, and more. Check out this article from earlier in the year about the cost savings and efficiencies RSign can bring organizations.
And please contact us to discuss how you can get started with RSign now. Hey, if enough people switch, we may see that depressing consumer sentiment chart starts trending in the right direction.
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