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Scripps Local

Consumer confidence nears record lows

Scripps Local · New
Scripps Local
Scripps Local
New

New data from Morning Consult shows Americans are feeling increasingly uncertain of the economy, yet continue to spend more and take on more debt because of it.

Breakdown
  • Americans are spending more despite feeling uncertain about the economy. 5s
  • Increased spending is mainly on necessities due to higher costs. 23s
  • Low and middle-income households are driving the rise in spending. 46s
  • Higher earners are cutting back on discretionary spending as uncertainty rises. 1m 3s
Economy