Headlines

Consumer Confidence Lags, but Spending Stays Strong

A Conference Board survey found shoppers planning to purchase big-ticket items

Published

2 years ago

January 26, 2022

Consumer Confidence Lags, but Spending Stays Strong — Courtesy of Reuters

Despite lagging confidence among U.S. shoppers, more consumers are gearing up to make large purchases like new homes, cars and other big-ticket items, according to a survey from The Conference Board.

According to a report in U.S. News & World Report, the survey also showed that though still high, consumers had moderated their expectations around inflation. “While consumer confidence dipped this month, consumers generally have faith in the strength of this recovery,” said Robert Frick, corporate economist with Navy Federal Credit Union.

The Conference Board’s consumer confidence index fell to 113.8 in January, down from 115.2 in December 2021.

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