Americans Spend Despite Waning Consumer Confidence and Rising Prices
TL;DR Summary
Despite consumer sentiment reaching near-record lows due to inflation fears and labor market concerns, Americans continue to spend, especially those with higher incomes, supported by a resilient stock market and steady employment conditions.
- Consumer sentiment is back to near-record lows. But Americans are still spending. Here’s why CNN
- Where's the prosperity? Middle class Americans aren't feeling it. USA Today
- American Fears Deepen Over Rising Prices Forbes
- US Consumer Sentiment Falls to Four-Month Low on Income Worries Bloomberg.com
- Sentiment Declines in Michigan Survey The Wall Street Journal
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