Holiday Spending Shaped by Economic Fears, Partisan Divides

This article explores how consumer sentiment, tracked by the University of Michigan’s Surveys of Consumers, provides valuable insights into holiday spending and broader economic trends. Economist Joanne Hsu highlights how shifting political views, concerns about rising prices, and changes in purchasing habits (especially of durable goods) reflect growing uncertainty that could impact the U.S. economy. Read on to discover how these trends are essential for predicting future economic performance.