People say they plan to spend $1,652, on average, this holiday season, according to a Deloitte survey.
Photo: Joe Burbank/Associated PressAmericans say they are worried about the economy, and there certainly are reasons to question the staying power of consumer spending.
That doesn’t mean they won’t spend heartily this holiday season.
The U.S. consumer is in a funk, according to the U.S. consumer.
The University of Michigan’s sentiment index, based on a long-running survey of households, remains far below prepandemic levels and lately has been near levels experienced in the wake of the 2008 financial crisis.
Persons:
Joe Burbank, haven’t
Organizations:
Deloitte, Associated Press, University of, Wall Street
Locations:
U.S