Consumers Adjust to Inflation as Labor Market Expectations Worsen

July 29, 2022


Read time:

<5 mins
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Joanne Hsu, a U-M economist and director of the surveys, discusses how consumer sentiment was unchanged from June, although buying conditions concerning durables increased. Hsu notes that consumers are altering their spending habits to cope with the high prices, but there are emerging concerns regarding unemployment. The faculty expert further highlights consumers’ negative views on personal finances, labor markets, and more.

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