Confidence Holds as Spending Slows

Consumer confidence held steady in May despite rising prices and spending cuts, thanks to strong job markets and low layoffs. Two-thirds of consumers say inflation’s forcing them to scale back on non-essentials like clothes and hobbies, while avoiding big-ticket items. Gas prices could strain wallets this summer, but a full-blown recession still seems unlikely. The real pain? Wages haven’t kept pace with inflation, shrinking real incomes even as confidence stays resilient on paper. 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/85892a6c67886f79