How job worries are dampening American consumerism
US consumer confidence fell for the fifth month in December, dropping to 89.1, despite a strong labor market. Americans are earning but cautious about spending, with fears of layoffs and economic uncertainty affecting purchases. Jobs now influence not just income but confidence, shaping household behavior and slowing consumerism, with potential ripple effects across the broader economy.
US consumer confidence fell for the fifth month in December, dropping to 89.1, despite a strong labor market. Americans are earning but cautious about spending, with fears of layoffs and economic uncertainty affecting purchases. Jobs now influence not just income but confidence, shaping household behavior and slowing consumerism, with potential ripple effects across the broader economy.
