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