Confidence Holds, But Spending Shrinks

Consumer confidence holds steady at 93.1, but beneath the surface, Americans are tightening their belts—two-thirds cutting back on spending due to soaring prices, especially on clothes and hobbies. While job security keeps the confidence index from plummeting, wages haven’t kept up with inflation, eroding real purchasing power. No recession on the horizon, but how long this spending squeeze can last remains uncertain. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/68ba2198ee64939a